Drummond Robert Wayne Jr 4

What Happened Robert Wayne Drummond Jr., a director of Patterson-UTI Energy, sold 164,775 common shares in open-market transactions on March 16, 2026. The weighted-average sale price was $10.18 per share (range $10.14–$10.25), producing total gross proceeds of approximately $1,677,410. The filing notes the shares were held by trust(s) for which Drummond is a trustee.

Key Details

• Transaction date: 2026-03-16 (reported on Form 4 filed 2026-03-18).
• Transaction type: Open-market sale (Code S).
• Shares sold: 164,775; weighted-average price $10.18; price range $10.14–$10.25.
• Proceeds: ~ $1,677,410.
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes: F1 — weighted-average price; filer can provide per-trade breakdown on request. F2 — shares were held by trust(s) for which the reporting person is trustee.
• Timeliness: Filed within two business days (timely).

Context Sales by directors can be routine (liquidity, trust distributions, portfolio rebalancing) and do not by themselves indicate a change in company prospects. Because these shares were held in trusts for which Drummond is trustee, the sale may reflect trust-level decisions rather than a direct personal view on Patterson-UTI’s outlook.