PTEN EVP uses 8,185 shares for tax withholding

PATTERSON UTI ENERGY INC executive reports tax-related share disposition.

Accepted by SEC EDGAR 05/07/2026 - 08:07 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

PATTERSON UTI ENERGY INC executive reports tax-related share disposition. EVP and General Counsel Seth David Wexler had 8,185 shares of Common Stock disposed at $12.29 per share on May 5, 2026 to cover withholding taxes on Restricted Stock Units that converted into Common Stock.

After this tax-withholding transaction, Wexler directly holds 534,945 shares of Patterson-UTI Energy common stock. The event reflects a compensation-related tax payment rather than an open-market sale.

Insider Trade Summary

Exercise Price or Tax Liability: 8,185 shares

Exercise Price or Tax Liability 1 txn

Insider Wexler Seth David

Role EVP/General Counsel/Secretary

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	8,185	$12.29	$101K

Holdings After Transaction: Common Stock — 534,945 shares (Direct)

Holdings Before and After: Common Stock, 543,130 to 534,945 shares (Direct)

Footnotes (1)

1. F1. Shares disposed to pay applicable withholding taxes on Restricted Stock Units converted into Common Stock on May 5, 2026.

Key Figures

Tax-withholding shares: 8,185 shares Tax-withholding price: $12.29 per share Post-transaction holdings: 534,945 shares

3 metrics

Tax-withholding shares 8,185 shares Common Stock disposed to cover withholding taxes on May 5, 2026

Tax-withholding price $12.29 per share Value assigned to shares used for withholding taxes

Post-transaction holdings 534,945 shares Directly held PTEN common stock after the Form 4 transaction

Key Terms

Restricted Stock Units, withholding taxes, tax-withholding disposition, Form 4

4 terms

Restricted Stock Units financial

"Restricted Stock Units converted into Common Stock on May 5, 2026."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

withholding taxes financial

"Shares disposed to pay applicable withholding taxes on Restricted Stock Units"

Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.

tax-withholding disposition financial

"transaction_action: tax-withholding disposition"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did PTEN executive Seth David Wexler report on this Form 4?

Seth David Wexler reported a tax-related disposition of 8,185 PTEN common shares. These shares were withheld at $12.29 each to satisfy withholding taxes on Restricted Stock Units that converted into common stock on May 5, 2026.

Was the PTEN Form 4 transaction an open-market sale of shares?

No, the PTEN Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were surrendered to cover withholding taxes due when Restricted Stock Units converted into common stock, a routine, compensation-related mechanism rather than a discretionary stock sale.

How many PTEN shares were involved in Seth Wexler’s tax-withholding transaction?

The filing reports 8,185 PTEN common shares disposed in the tax-withholding transaction. These shares were valued at $12.29 each and were used to pay applicable withholding taxes tied to Restricted Stock Units converting into common stock on May 5, 2026.

What is Seth Wexler’s PTEN shareholding after this Form 4 transaction?

After the tax-withholding disposition, Seth Wexler directly holds 534,945 PTEN common shares. This post-transaction balance shows he retains a substantial equity position in Patterson-UTI Energy following the routine tax payment related to Restricted Stock Unit conversion.

What does transaction code F mean in the PTEN Form 4 filing?

Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this PTEN filing, 8,185 common shares were disposed to cover withholding taxes when Seth Wexler’s Restricted Stock Units converted into common stock on May 5, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Wexler Seth David

(Last) (First) (Middle)

10713 W. SAM HOUSTON PKWY N.

SUITE 800

(Street)

HOUSTON TEXAS 77064

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PATTERSON UTI ENERGY INC [ PTEN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP/General Counsel/Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/05/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/05/2026		F		8,185(1)	D	$12.29	534,945	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares disposed to pay applicable withholding taxes on Restricted Stock Units converted into Common Stock on May 5, 2026.

Remarks:

	By Forrest Robinson pursuant to a Limited Power of Attorney filed with the SEC on 6/11/2013 /s/Forrest Robinson	05/07/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)