Helmerich & Payne (HP) EVP Michael Lennox sells 5,000 shares under Rule 10b5-1 plan
Rhea-AI Filing Summary
Helmerich & Payne, Inc. executive Michael Lennox, EVP Western Hemisphere Land, reported selling 5,000 shares of common stock on July 22, 2026 at $35.00 per share in an open-market or private transaction. After this sale, he held 186,037 shares directly. The amendment states this transaction was effected under a Rule 10b5-1 trading plan adopted on March 30, 2026.
Positive
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Negative
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Insider Trade Summary 10b5-1
Net Seller: 5,000 shares
Net Sell
1 txn
Insider
Lennox Michael
Role
EVP, WESTERN HEMISPHERE LAND
Sold
5,000 shs ($175K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 5,000 | $35.00 | $175K |
Holdings After Transaction:
Common Stock — 186,037 shares (Direct)
Footnotes (1)
- F1. This amendment is being filed solely to add a footnote indicating that the reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 30, 2026.
Key Figures
Shares sold: 5,000 shares
Sale price: $35.00 per share
Shares held after transaction: 186,037 shares
+1 more
4 metrics
Shares sold
5,000 shares
Common stock sale on July 22, 2026
Sale price
$35.00 per share
Open-market or private transaction
Shares held after transaction
186,037 shares
Direct ownership after July 22, 2026 sale
Rule 10b5-1 plan adoption date
March 30, 2026
Plan governing the reported sale
Key Terms
Rule 10b5-1 trading plan, open market or private transaction, Form 4/A
3 terms
Rule 10b5-1 trading plan regulatory
"transaction was effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open market or private transaction financial
"transaction code description: Sale in open market or private transaction"
Form 4/A regulatory
"This amendment is being filed solely to add a footnote"
Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.
FAQ
What insider transaction did Helmerich & Payne (HP) report for Michael Lennox?
Helmerich & Payne reported that EVP Michael Lennox sold 5,000 shares of common stock on July 22, 2026 at $35.00 per share, leaving him with 186,037 shares held directly.
Was the July 22, 2026 HP insider sale made under a Rule 10b5-1 plan?
Yes. The amendment specifies the 5,000-share sale on July 22, 2026 was effected pursuant to a Rule 10b5-1 trading plan adopted by Michael Lennox on March 30, 2026.
What does the Form 4/A amendment for Helmerich & Payne (HP) change?
The amendment is filed solely to add a footnote clarifying that the July 22, 2026 sale of 5,000 shares by Michael Lennox was conducted under a Rule 10b5-1 trading plan adopted March 30, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.