Helmerich & Payne EVP sells $450K stock
Helmerich & Payne EVP Michael Lennox sold 10,000 HP shares under a pre-arranged Rule 10b5-1 trading plan, retaining 171,037 shares afterward.
Rhea-AI Filing Summary
Helmerich & Payne, Inc. (HP) reported that executive vice president Michael Lennox sold 10,000 shares of Common Stock on September 1, 2026 at $45.00 per share in an open-market or private transaction. The filing states this sale was effected under a Rule 10b5-1 trading plan adopted on March 30, 2026. Following the transaction, Lennox directly held 171,037 shares of Helmerich & Payne common stock.
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Insider Trade Summary 10b5-1
Net Seller: 10,000 shares
Net Sell
1 txn
Insider
Lennox Michael
Role
EVP, WESTERN HEMISPHERE LAND
Sold
10,000 shs ($450K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 10,000 | $45.00 | $450K |
Holdings After Transaction:
Common Stock — 171,037 shares (Direct)
Footnotes (1)
- F1. Transaction effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on March 30, 2026.
Key Figures
Shares sold: 10,000 shares
Sale price per share: $45.00 per share
Approximate transaction value: $450,000
+2 more
5 metrics
Shares sold
10,000 shares
Common Stock sold by Michael Lennox on September 1, 2026
Sale price per share
$45.00 per share
Reported price for the September 1, 2026 sale
Approximate transaction value
$450,000
10,000 shares sold at $45.00 per share
Shares held after transaction
171,037 shares
Direct holdings of Michael Lennox following the sale
Rule 10b5-1 plan adoption date
March 30, 2026
Date Lennox’s trading plan was adopted for this sale
Key Terms
Rule 10b5-1 trading plan, Common Stock, open market or private transaction
3 terms
Rule 10b5-1 trading plan regulatory
"Transaction effected pursuant to a Rule 10b5-1 trading plan previously adopted"
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.
Common Stock financial
"10,000 shares of Common Stock on September 1, 2026"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
open market or private transaction financial
"Sale in open market or private transaction"
FAQ
What insider transaction did Helmerich & Payne (HP) disclose for Michael Lennox?
Helmerich & Payne disclosed that executive vice president Michael Lennox sold 10,000 shares of the company’s Common Stock on September 1, 2026 in a sale reported as an open-market or private transaction.
Was the Helmerich & Payne (HP) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the transaction was effected pursuant to a Rule 10b5-1 trading plan that Michael Lennox previously adopted on March 30, 2026.
What is Michael Lennox’s role at Helmerich & Payne (HP) as noted in the Form 4?
Michael Lennox is identified as an officer of Helmerich & Payne, serving as EVP, WESTERN HEMISPHERE LAND, according to the Form 4 filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.