4//SEC Filing
Hendricks William Andrew JR 4
Accession 0001209191-23-028328
CIK 0000889900other
Filed
May 8, 8:00 PM ET
Accepted
May 9, 5:13 PM ET
Size
12.9 KB
Accession
0001209191-23-028328
Insider Transaction Report
Form 4
Hendricks William Andrew JR
Chief Operating Officer
Transactions
- Award
Common Stock, $.01 par value per share
2023-05-05+241,500→ 2,186,874 total - Award
Common Stock, $.01 par value per share
2023-05-05+144,000→ 1,945,374 total - Disposition to Issuer
Common Stock, $.01 par value per share
2023-05-05$12.43/sh−597,000$7,420,710→ 2,186,874 total - Exercise/Conversion
Phantom Unit
2023-05-05−597,000→ 0 totalFrom: 2023-05-05Exp: 2023-05-05→ Common Stock (597,000 underlying) - Exercise/Conversion
Common Stock, $.01 par value per share
2023-05-05+597,000→ 2,783,874 total
Footnotes (4)
- [F1]Shares received in settlement of the 2020 Performance Unit grant.
- [F2]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.
- [F3]Reflects performance-based phantom units that vested on May 5, 2023. Each phantom unit represented the right to receive a cash payment in an amount equal to the average closing price of one share of common stock of the Company, par value $0.01 per share (a "Share") on the principal stock exchange on which the Shares were then listed for the twenty consecutive trading days preceding March 31, 2023.
- [F4]No shares were actually issued, disposed or sold. Under applicable SEC guidance, cash settlement of phantom units is deemed to involve the conversion of the phantom units into the underlying common stock and the simultaneous disposition of the common stock to the Company for cash. Accordingly, Table 1 uses Transaction Code D to report the phantom unit settlement.
Documents
Issuer
PATTERSON UTI ENERGY INC
CIK 0000889900
Entity typeother
Related Parties
1- filerCIK 0001546374
Filing Metadata
- Form type
- 4
- Filed
- May 8, 8:00 PM ET
- Accepted
- May 9, 5:13 PM ET
- Size
- 12.9 KB