Form 4: Helmerich & Payne Director Acquires Phantom Stock

Donald F. Robillard JR, a Director at Helmerich & Payne, Inc., reported the acquisition of 5,273 phantom stock units as part of a deferred compensation plan.

Summary

• Donald F. Robillard JR, a Director of Helmerich & Payne, Inc. (HP), acquired 5,273 phantom stock units.
• The transaction occurred on March 5, 2026.
• These phantom shares are part of the Helmerich & Payne, Inc. Director Deferred Compensation Plan.
• Each phantom share is equivalent to one share of Common Stock.
• The phantom stock units are payable in cash only, at the election of the reporting person, either as a lump sum within 60 days of service termination or in annual installments for up to 10 years.
• Following this transaction, Donald F. Robillard JR beneficially owns 59,010 phantom stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It is a routine disclosure of director compensation and does not indicate any significant operational or financial changes for the company.

Positives

• The acquisition of phantom stock units by a director aligns their interests with those of shareholders, as the value of these units is tied to the company's common stock performance.

Future Outlook

The phantom stock units become payable in cash upon the termination of the reporting person's service as a Director, either in a lump sum within 60 days or in annual installments over a period not exceeding 10 years, at the director's election.

Industry Context

StockSavvy.ai notes that the acquisition of phantom stock as part of a deferred compensation plan is a common practice in corporate governance, particularly for non-employee directors. This mechanism is designed to align the long-term interests of directors with those of shareholders without requiring an immediate cash outlay or direct equity ownership, which can have tax implications.

Stakeholder Impact

• Shareholders: The transaction reinforces alignment between director and shareholder interests through equity-linked compensation.
• Employees: No direct impact on employees is indicated by this filing.

Next Steps

• The phantom stock units will become payable in cash upon the termination of Donald F. Robillard JR's service as a Director, according to his election of payment terms.

Key Dates

Keywords

Helmerich & Payne, HP, Form 4, Insider Transaction, Phantom Stock, Director Compensation, Deferred Compensation, Corporate Governance