Drummond Robert Wayne Jr 4
4 · PATTERSON UTI ENERGY INC · Filed Oct 2, 2023
Insider Transaction Report
Form 4
Drummond Robert Wayne Jr
Director
Transactions
- Exercise/Conversion
Common Stock, $.01 par value per share
2023-09-28+3,051,766→ 4,000,411 total - Tax Payment
Common Stock, $.01 par value per share
2023-09-28$14.56/sh−1,355,459$19,735,483→ 2,644,952 total - Exercise/Conversion
Restricted Stock Units
2023-09-28−3,051,766→ 0 total→ Common Stock, $.01 par value per share (3,051,766 underlying) - Disposition to Issuer
Common Stock, $.01 par value per share
2023-09-28$14.56/sh−510,185$7,428,294→ 2,644,952 total - Exercise/Conversion
Cash-Settled Restricted Stock Units
2023-09-28−510,185→ 0 total→ Common Stock, $.01 par value per share (510,185 underlying) - Exercise/Conversion
Common Stock, $.01 par value per share
2023-09-28+510,185→ 3,155,137 total
Footnotes (4)
- [F1]Reflects the settlement of restricted stock units that, as previously reported, fully vested on September 1, 2023.
- [F2]Shares disposed to pay applicable withholding taxes on restricted stock units converted into common stock on September 28, 2023.
- [F3]Reflects the settlement of cash-settled restricted stock units that, as previously reported, fully vested on September 1, 2023.
- [F4]No shares were actually issued, disposed or sold. Under applicable SEC guidance, cash settlement of restricted stock units is deemed to involve the conversion of the cash-settled restricted stock 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 cash-settled restricted stock unit settlement.