Form 4: Helmerich & Payne Director Bellinger Reports Acquisition of Phantom Stock

Director Delaney Murchison Bellinger reports acquiring 4,675 phantom stock units related to the Helmerich & Payne, Inc. Director Deferred Compensation Plan on February 28, 2024.

Summary

• On February 28, 2024, Delaney Murchison Bellinger, a director of Helmerich & Payne, Inc., acquired 4,675 phantom stock units.
• These phantom shares are related to the Helmerich & Payne, Inc. Director Deferred Compensation Plan.
• The phantom stock is payable in cash only, either in a lump sum or in annual installments, following the termination of the reporting person's service as a director.
• Following the transaction, Bellinger directly owns 27,513 phantom stock units.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Future Outlook

The phantom stock becomes payable, in cash only, at the election of the reporting person (1) in a lump sum payable no later than 60 days following the termination of the reporting person's service as a Director, or (2) in annual installments for a period of 'x' years (not to exceed 10).

Industry Context

This Form 4 filing is a routine disclosure related to director compensation and holdings, common in publicly traded companies like Helmerich & Payne. It provides transparency into the equity-based compensation of the company's directors.

Stakeholder Impact

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

Key Dates