PATTERSON UTI ENERGY INC
For the period ended Dec 31, 2025. Filed Apr 13, 2026.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Dec 31, 2025 · Filed Apr 13, 2026
Contents
Qualified Retiree Program
The Company maintains the Retiree Program, described above under “Employment-Related Agreements and Other Matters - Employment, Change in Control and Severance Agreements.” Under the Retiree Program, eligible retirees will receive: (1) continued vesting of any unvested equity-based awards outstanding as of the retirement date that are subject solely to time-based vesting conditions; and (2) continued eligibility to earn a pro-rata annual bonus for the year of retirement based on actual Company performance relative to all applicable performance objectives. As of December 31, 2025, each of Messrs. Hendricks, Holcomb and Berns met the age and service requirements under the Retiree Program. Had they delivered the requisite notice and retired on December 31, 2025, they would have been entitled under the Retiree Program to continued vesting in the following equity awards (that would have otherwise been unvested and forfeited; with the fair value based on the market price of Common Stock at December 31, 2025) and to receive the 2025 annual bonus amounts set forth in "Executive Compensation - Summary Compensation Table" above:
| Name | RSUs | Fair Value |
|---|---|---|
| William Andrew Hendricks, Jr. | 740,900 | $4,526,899 |
| James M. Holcomb | 178,334 | $1,089,621 |
| Kenneth N. Berns | 162,734 | $994,305 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.