Form 4: Helmerich & Payne SVP Michael Lennox Reports Sale of Common Stock
SEC Filing
Michael Lennox, SVP of US Land Operations at Helmerich & Payne, reported the sale of 12,500 shares of common stock over two days in late February and early March.
Summary
- Michael Lennox, a Senior Vice President at Helmerich & Payne, Inc., filed a Form 4 with the SEC.
- The form reports the sale of 10,176 shares of common stock on February 29, 2024, at a weighted average price of $38.51, with prices ranging from $38.50 to $38.62.
- An additional 2,324 shares were sold on March 1, 2024, at a price of $38.81.
- Following these transactions, Lennox directly owns 100,322 shares of Helmerich & Payne common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock sales by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of stock sales by a company insider. It provides transparency to the market regarding the transactions of company executives.
Stakeholder Impact
- The stock sale could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of first reported transaction: sale of 10,176 shares of common stock. |
| 03/01/2024 | Date of second reported transaction: sale of 2,324 shares of common stock. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
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