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

Director Elizabeth Killinger reports acquisition of 4,675 phantom shares related to the Helmerich & Payne, Inc. Director Deferred Compensation Plan on February 28, 2024.

Summary

• On February 28, 2024, Elizabeth Killinger, a director of Helmerich & Payne, Inc. (HP), acquired 4,675 phantom shares of common stock.
• These phantom shares are related to the Helmerich & Payne, Inc. Director Deferred Compensation Plan.
• The phantom shares are payable in cash, either in a lump sum or in annual installments, following the termination of Killinger's service as a director.
• The reporting person now beneficially owns 4,675 phantom shares.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a transaction related to director compensation. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The phantom shares become payable in cash upon the termination of the reporting person's service as a director, with payment options including a lump sum or annual installments.

Industry Context

This Form 4 filing is a routine disclosure related to director compensation and is typical for publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it relates to director compensation in the form of phantom stock.

Key Dates