Helmerich & Payne (NYSE: HP) insider schedules $4.34M stock sale
Rhea-AI Filing Summary
Helmerich & Payne insider plans to sell common stock under Rule 144. A holder has filed to sell 75,000 shares of HP common stock through broker Merrill Lynch, with an aggregate market value of $4,341,000. The filing notes that approximately 98,448,373 shares of common stock were outstanding, and the planned sale is targeted around December 19, 2025 on the NYSE.
The shares to be sold were accumulated over many years, mainly through stock option exercises from 2012–2016 and an inheritance received on January 10, 2012 totaling 50,000 shares. By signing the notice, the seller represents that they are not aware of any material adverse, non-public information about the company’s current or future operations.
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FAQ
What does this HP filing disclose about insider share sales?
The filing discloses that an insider plans to sell 75,000 shares of Helmerich & Payne common stock under Rule 144, with an aggregate market value of $4,341,000.
How large is the planned HP share sale compared with shares outstanding?
The notice states that 98,448,373 shares of HP common stock were outstanding, providing context for the planned sale of 75,000 shares.
When and where are the HP shares expected to be sold?
The planned approximate date of sale is December 19, 2025, and the shares are expected to be sold on the NYSE through broker Merrill Lynch in Tulsa, Oklahoma.
How did the HP insider acquire the shares being sold?
The shares were acquired over time mainly through stock option exercises on multiple dates between 2012 and 2016, and through an inheritance of 50,000 shares on January 10, 2012.
Does the HP insider make any representations about non-public information?
Yes. By signing the notice, the seller represents that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.
What type of HP security is involved in this planned sale?
The planned sale involves shares of common stock of Helmerich & Payne.