Form 4: Helmerich & Payne EVP Sells Shares for Tax

Sentiment:

Insider Transaction Report 8 December 2025 4:37 PM

Helmerich & Payne's EVP, Michael Lennox, disposed of 2,754 shares of common stock at $29.88 per share for tax liability.

Summary

Michael Lennox, Executive Vice President of Western Hemisphere Land at Helmerich & Payne, Inc. (HP), reported a disposition of common stock.
On December 5, 2025, Lennox disposed of 2,754 shares of HP common stock.
The transaction was executed at a price of $29.88 per share.
This disposition was made to the issuer in payment of tax liability, indicated by transaction code "F".
Following this transaction, Michael Lennox directly beneficially owns 162,076 shares of Helmerich & Payne common stock.
The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged sale.

Sentiment

Score: 5

Explanation: Neutral. This is a routine, non-discretionary transaction for tax purposes, typically not indicative of management's view on the company's future prospects.

Future Outlook

Industry Context

This is a routine insider transaction for tax purposes and does not provide specific insights into broader industry trends or the competitive landscape within the oil and gas drilling sector.

Stakeholder Impact

Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes and represents a small fraction of the executive's total holdings.

Key Dates

Date	Description
12/05/2025	Date of transaction where Michael Lennox disposed of common stock.
12/08/2025	Date the Form 4 was signed by Power of Attorney for Michael Lennox.

Recommendation

hold

This Form 4 reports a routine, non-discretionary disposition of shares by an executive to cover tax liabilities, often associated with equity award vesting. Such transactions are typically pre-scheduled under a 10b5-1 plan and do not reflect a change in the executive's outlook on the company's performance or future prospects. Therefore, it provides no new fundamental information to warrant a change in investment recommendation; a 'hold' stance is maintained based on existing company fundamentals.

Keywords

Helmerich & Payne, HP, Michael Lennox, Form 4, Insider Transaction, Stock Sale, Executive Compensation, Tax Withholding, Oil & Gas Drilling

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