Form 4: Patterson-UTI Energy Inc. Executive James Michael Holcomb Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
James Michael Holcomb, EVP & Chief Business Officer of Patterson-UTI Energy Inc., disposed of shares to cover withholding taxes on restricted stock units.
Summary
- On May 9, 2025, James Michael Holcomb, EVP & Chief Business Officer of Patterson-UTI Energy Inc., disposed of 12,395 shares of common stock.
- The shares were disposed of to cover applicable withholding taxes on Restricted Stock Units converted into Common Stock.
- The transaction was executed at a price of $5.84 per share.
- Following the transaction, Holcomb beneficially owns 552,524 shares of Patterson-UTI Energy Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's stock transactions for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations arising from the vesting of restricted stock units, a common form of executive compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 06/11/2013 | Limited Power of Attorney filed with the SEC |
| 05/09/2025 | Transaction Date: Disposal of shares for tax obligations |
| 05/12/2025 | Signature Date of the Form 4 filing |
Keywords
Form 4, Patterson-UTI Energy Inc, PTEN, James Michael Holcomb, insider trading, stock disposal, restricted stock units, tax withholding
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.