Form 4: Patterson-UTI Energy Inc. Director Tiffany Thom Cepak Reports Acquisition of Common Stock

Director Tiffany Thom Cepak reports acquisition of 21,186 shares of Patterson-UTI Energy Inc. common stock on January 1, 2025.

Summary

• On January 1, 2025, Tiffany Thom Cepak, a director of Patterson-UTI Energy Inc., acquired 21,186 shares of common stock.
• The acquisition was made at a price of $0 per share.
• Following the transaction, Ms. Cepak directly owns 144,470 shares of Patterson-UTI Energy Inc. common stock.
• The reported transaction involves restricted stock units that convert into common stock on a one-for-one basis, with 100% vesting on January 1, 2026.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing reporting an insider transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The acquisition of shares by a director may signal confidence in the company's future prospects.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders, allowing investors to assess their confidence in the company's prospects.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment if viewed as a sign of confidence by a company director.

Key Dates