StockDriftsPATTERSON UTI ENERGY INC · PTEN · 4 · Filed
Director Robert Wayne Drummond Jr sells $2.57M in common stock
Source: SEC EDGAR, accession 0001645511-26-000007
What did PATTERSON UTI ENERGY INC announce?
Director Robert Wayne Drummond Jr sold 200,000 shares of common stock for a total of $2.57 million.
Robert Wayne Drummond Jr, a director at Patterson-UTI Energy Inc., reported the sale of 200,000 shares of common stock. These transactions occurred over two dates: 1,605 shares were sold on September 1, 2026, and an additional 198,395 shares were sold on September 2, 2026. Both sales were executed at a price of $12.85 per share.
Following these sales, Mr. Drummond Jr. directly holds 928,773 shares of common stock. Prior to these transactions, the filing indicates his beneficial ownership stood at 1,127,168 shares. The filing does not provide details on the reason for these sales.
The transactions reported in this Form 4 are dated for 2026, which suggests either a forward-looking filing related to a future event or a clerical error in the transaction dates. The filing was signed by Forrest Robinson pursuant to a limited power of attorney on September 3, 2026.
Key details
- Robert Wayne Drummond Jr, a Director, sold 200,000 shares.
- The total value of the transaction was $2,570,000.00.
Why it matters
This 4 reports an insider transaction at PATTERSON UTI ENERGY INC. The likely share-price reaction reads as negative.