Charles Andrew Smith - May 5, 2023 Form 4 Insider Report for PATTERSON UTI ENERGY INC (PTEN)

Role
EVP & Chief Financial Officer
Signature
By Barry Huntsman pursuant to a limited power of attorney filed with the SEC on 09/08/2017 /s/ Barry Huntsman
Stock symbol
PTEN
Transactions as of
May 5, 2023
Transactions value $
-$988,661
Form type
4
Date filed
5/9/2023, 05:19 PM
Previous filing
May 1, 2023
Next filing
Sep 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTEN Common Stock, $.01 par value per share Award $0 +219K +69.93% $0.00 533K May 5, 2023 Direct F1
transaction PTEN Common Stock, $.01 par value per share Tax liability -$989K -92.8K -17.43% $10.65 440K May 5, 2023 Direct F2
transaction PTEN Common Stock, $.01 par value per share Award $0 +84.6K +19.24% $0.00 524K May 5, 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares received in settlement of the 2020 Performance Unit grant.
F2 Shares disposed of to pay applicable withholding taxes on shares received from the 2020 Performance Unit grant.
F3 Restricted stock units that convert into common stock on a one-for-one basis. One-third of the restricted stock units vests on each of May 5, 2024, May 5, 2025 and May 5, 2026.