Form 4: Patterson-UTI Energy Inc. Director Sells Shares
SEC Form 4 Filing
Director James Carl Stewart reports the sale of 5,500 shares of Patterson-UTI Energy Inc. at $5.98 per share.
Summary
- James Carl Stewart, a director of Patterson-UTI Energy Inc., reported a transaction involving the company's common stock.
- On May 9, 2025, Stewart sold 5,500 shares at a price of $5.98 per share.
- Following the transaction, Stewart directly owns 85,475 shares and indirectly owns 999,754 shares through JCS Partners LP.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by a director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, but it is a relatively small transaction and may not have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 09/06/2023 | Filing date of limited power of attorney with the SEC. |
| 05/09/2025 | Date of the stock sale transaction. |
| 05/13/2025 | Date of signature on the report. |
Keywords
Patterson-UTI Energy Inc, PTEN, Director, James Carl Stewart, Stock Sale, Form 4, Beneficial Ownership, JCS Partners LP
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