Form 4: Helmerich & Payne Director Randy A. Foutch Reports Acquisition of Phantom Stock

Director Randy A. Foutch reports acquiring 4,675 phantom stock units related to the Helmerich & Payne, Inc. Director Deferred Compensation Plan.

Summary

• On February 28, 2024, Randy A. Foutch, a director of Helmerich & Payne, Inc. [HP], acquired 4,675 units of phantom stock.
• These phantom shares are related to the Helmerich & Payne, Inc. Director Deferred Compensation Plan.
• The phantom stock is payable in cash, either in a lump sum or in annual installments, following the termination of Foutch's service as a director.
• Following the transaction, Foutch directly owns 45,953 derivative securities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a standard compensation transaction. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The phantom stock becomes payable in cash upon the director's termination of service, with payment options including a lump sum or annual installments.

Industry Context

This filing reflects standard compensation practices for directors of publicly traded companies, utilizing deferred compensation plans and phantom stock to align director interests with long-term shareholder value.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it relates to director compensation and does not involve immediate cash outflow from the company.

Key Dates