Form 4: Helmerich & Payne Executive Sells Shares to Cover Tax Obligations

A Helmerich & Payne executive, John R. Bell, sold 2,816 shares of common stock to cover tax obligations related to stock awards.

Summary

• John R. Bell, a Senior Vice President at Helmerich & Payne, Inc., sold 2,816 shares of common stock on December 6, 2024.
• The sale was executed at a price of $33.24 per share.
• This transaction was to cover tax obligations related to the vesting of stock awards.
• Following the transaction, Mr. Bell directly owns 161,038 shares of common stock.
• He also indirectly owns 1,760 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction and does not indicate any positive or negative sentiment. It is a standard disclosure of an executive stock sale.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when stock awards vest.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The sale of 2,816 shares is not unusual for an executive at this level.
• Similar transactions are regularly reported by executives in the oil and gas industry and other sectors.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders as it is a routine sale by an executive to cover tax obligations.

Key Dates

Keywords

Helmerich & Payne, stock sale, insider trading, Form 4, John R. Bell, executive compensation, tax obligations