Form 4: Helmerich & Payne Director Reports Late Discovery of Trust Shares

Director Hans Helmerich reports the late discovery of 40,000 shares held in the Peggy Helmerich Trust since 2012, with no transactions occurring since their acquisition.

Summary

• Hans Helmerich, a director of Helmerich & Payne, Inc., filed a Form 4 to report a change in beneficial ownership.
• The report discloses the late discovery of 40,000 shares of common stock held by the Peggy Helmerich Trust, for which Helmerich serves as trustee.
• These shares have been held in the trust since 2012, but their ownership was only recently discovered.
• No transactions have occurred related to these shares since 2012.
• Helmerich disclaims beneficial ownership of these securities except to the extent of any pecuniary interest he may have therein.
• The report also details other common stock holdings, including direct and indirect ownership through children's trusts, spousal holdings, 401(k) accounts, LLCs, and family trusts.
• As of March 6, 2025, Helmerich directly owns 130,099 shares.
• Helmerich indirectly owns 67,100 shares through Children's Trust, 24,470 shares through Spouse, 21,063 shares through 401(k) Account, 44,000 shares through LLC, 521,735 shares through Reporting person's trust, and 1,265,915 shares through Family Trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, with neutral sentiment. The late discovery of shares is unusual, but the disclaimer of beneficial ownership mitigates any potential negative implications.

Management Comments

• The Reporting Person disclaims beneficial ownership of these securities except to the extent of any pecuniary interest he may have therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 or for any other purpose.

Industry Context

This filing is a routine disclosure related to insider ownership and is specific to Helmerich & Payne. It doesn't directly reflect broader industry trends.

Key Dates