The estimated Net Worth of William Andrew Jr Hendricks is at least $37.5 Million dollars as of 18 July 2023. Mr. Hendricks owns over 200,000 units of Patterson-UTI Inc stock worth over $14,774,223 and over the last 13 years he sold PTEN stock worth over $13,883,000. In addition, he makes $8,845,360 as President, Chief Executive Officer, and Director at Patterson-UTI Inc.
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Mr. Hendricks PTEN stock SEC Form 4 insiders trading
William has made over 9 trades of the Patterson-UTI Inc stock since 2020, according to the Form 4 filled with the SEC. Most recently he sold 200,000 units of PTEN stock worth $2,968,000 on 18 July 2023.
The largest trade he's ever made was exercising 597,000 units of Patterson-UTI Inc stock on 5 May 2023 worth over $4,674,510. On average, William trades about 44,200 units every 35 days since 2012. As of 18 July 2023 he still owns at least 1,886,874 units of Patterson-UTI Inc stock.
You can see the complete history of Mr. Hendricks stock trades at the bottom of the page.
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William Hendricks biography
William Andrew Hendricks Jr. serves as President, Chief Executive Officer, Director of the Company. Mr. Hendricks has served as President and Chief Executive Officer of Patterson-UTI since October 2012 and as a director of Patterson-UTI since June 2017. From April 2012 through September 2012, he served as Chief Operating Officer of Patterson-UTI. From May 2010 through March 2012, Mr. Hendricks served as President of Schlumberger Drilling & Measurements, a division of Schlumberger. Prior to that date, Mr. Hendricks worked for Schlumberger in various worldwide locations and capacities since 1988, including serving in numerous executive positions since 2003. Mr. Hendricks is a past Chair and member of the Executive Committee for the International Association of Drilling Contractors and a member of the Society of Petroleum Engineers. Mr. Hendricks holds a Bachelor of Science in Petroleum Engineering from Texas A&M University. The Board of Directors considered Mr. Hendricks’ more than 30 years of combined operational and managerial experience in the oil and gas industry. In addition, the Board noted his nearly seven years of service as Patterson-UTI’s President and Chief Executive Officer and nearly ten years of service in numerous executive positions with Schlumberger Limited, a global provider of oilfield services, including nearly two years as President of Schlumberger Drilling & Measurements. The Board further considered Mr. Hendricks’ significant experience with evaluating the drivers for macro trends in the oil and gas industry, as well as managing the cyclical nature of the oil and gas service business, which allows Mr. Hendricks to provide valuable input into the development and implementation of Patterson-UTI’s corporate strategy. In addition, the Board noted that Mr. Hendricks’ operational experience brings valuable knowledge to the oversight of achieving safe and efficient operations.
What is the salary of William Hendricks?
As the President, Chief Executive Officer, and Director of Patterson-UTI Inc, the total compensation of William Hendricks at Patterson-UTI Inc is $8,845,360. There are no executives at Patterson-UTI Inc getting paid more.
How old is William Hendricks?
William Hendricks is 55, he's been the President, Chief Executive Officer, and Director of Patterson-UTI Inc since 2017. There are 9 older and 5 younger executives at Patterson-UTI Inc. The oldest executive at Patterson-UTI Energy Inc is Michael Conlon, 73, who is the Independent Director.
What's William Hendricks's mailing address?
William's mailing address filed with the SEC is 10713 W. SAM HOUSTON PKWY N, SUITE 800, , HOUSTON, TX, 77064.
Insiders trading at Patterson-UTI Inc
Over the last 21 years, insiders at Patterson-UTI Inc have traded over $301,387,062 worth of Patterson-UTI Inc stock and bought 291,000 units worth $1,121,670 . The most active insiders traders include Holdings Iii L.P.Blackstone..., Mark S Siegel, and Robert Wayne Jr Drummond. On average, Patterson-UTI Inc executives and independent directors trade stock every 56 days with the average trade being worth of $1,363,845. The most recent stock trade was executed by Matthew Gillard on 16 August 2024, trading 24,816 units of PTEN stock currently worth $194,309.
What does Patterson-UTI Inc do?
patterson-uti drilling company llc operates one of the largest and most technologically advanced fleets of land based drilling rigs in north america. operations are primarily in oil and natural gas producing regions of the continental united states, alaska, and western and northern canada. with a $1.8b revenue in 2014, we serve major and independent oil and gas companies to provide a comprehensive drilling solution. this includes apex® drilling rigs and people who are committed to working safely, efficiently and in an environmentally responsible way, all of which makes patterson-uti drilling the perfect choice for your drilling needs. if you are interested in opportunities to join our company, please create your candidate profile at http://www.patenergy.com/drilling/careers/. our careers site provides instructions on how to create your candidate profile and apply to open vacancies and, answers to frequently asked questions and technical support. for candidates without internet acce
What does Patterson-UTI Inc's logo look like?
Complete history of Mr. Hendricks stock trades at Patterson-UTI Inc
Patterson-UTI Inc executives and stock owners
Patterson-UTI Inc executives and other stock owners filed with the SEC include:
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William Hendricks,
President, Chief Executive Officer, Director -
Kenneth Berns,
Executive Vice President and Chief Commercial Officer -
C. Andrew Smith,
Chief Financial Officer, Executive Vice President -
James Holcomb,
President of Patterson-UTI Drilling Company LLC -
Seth Wexler,
Senior Vice President, General Counsel, Secretary -
William Andrew Hendricks Jr.,
Pres, CEO & Director -
C. Andrew Smith,
Exec. VP & CFO -
Kenneth N. Berns,
Exec. VP & Chief Commercial Officer -
Seth D. Wexler,
Sr. VP, Gen. Counsel & Sec. -
James Michael Holcomb,
Pres of UTI Drilling Company LLC -
Curtis Huff,
Non-Executive Chairman of the Board -
Terry Hunt,
Independent Director -
Tiffany Cepak,
Independent Director -
Michael Conlon,
Independent Director -
Janeen Judah,
Independent Director -
James Michael Drickamer,
VP of Investor Relations -
John E Iii Vollmer,
Chief Financial Officer -
Mark S Siegel,
Chairman of the Board -
Charles Oliver Buckner,
Director -
Cesar Jaime,
Director -
Julie J Robertson,
Director -
Kenneth R Peak,
Director -
Gregory W Pipkin,
Chief Accounting Officer -
William Leo Jr Moll,
GENERAL COUNSEL AND SECRETARY -
Cloyce A Talbott,
Chief Executive Officer -
Douglas James Wall,
Chief Operating Officer -
Robert C Gist,
Director -
Nadine C Smith,
Director -
Jonathan D Nelson,
Chief Financial Officer -
A Glenn Patterson,
President and COO -
Amy H Nelson,
Director -
Gary M. Halverson,
Director -
Leslie Ann Beyer,
Director -
Robert Wayne Jr Drummond,
Director -
James Carl Stewart,
Director -
Diamond Topco L.P.Bep Diamo...,
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Holdings Iii L.P.Blackstone...,
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Matthew Gillard,
President-Completions