Helmerich & Payne (HP) director granted 5,273 phantom stock units

Rhea-AI Filing Summary

Helmerich & Payne, Inc. director Donald F. Robillard Jr. reported an acquisition of 5,273 units of phantom stock on March 5, 2026. The award was granted at a price of $0.00 per unit and increased his directly held phantom stock balance to 59,010 units.

The phantom shares relate to the company’s Director Deferred Compensation Plan on a 1-for-1 basis and are payable in cash only. Payment will occur either in a lump sum within 60 days after his board service ends or in annual installments for up to 10 years, at his election.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Robillard Donald F JR

(Last) (First) (Middle)

222 N. DETROIT AVE.

(Street)

TULSA OK 74120

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Helmerich & Payne, Inc. [ HP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock(1)	(2)	03/05/2026		A		5,273		(3)	(3)	Common Stock	5,273	$0	59,010	D

Explanation of Responses:

1. Phantom shares relate to the Helmerich & Payne, Inc. Director Deferred Compensation Plan.

2. 1-for-1

3. The shares of phantom stock become payable, in cash only, at the election of the reporting person (1) in a lump sum payable no later than 60 days following the termination of the reporting person's service as a Director, or (2) in annual installments for a period of 'x' years (not to exceed 10).

	/s/ William H. Gault by Power of Attorney for Donald F. Robillard	03/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Helmerich & Payne (HP) report for Donald F. Robillard Jr.?

Helmerich & Payne reported that director Donald F. Robillard Jr. received 5,273 phantom stock units as a grant. The award was priced at $0.00 per unit and is part of the company’s Director Deferred Compensation Plan, increasing his directly held phantom stock balance to 59,010 units.

What is the nature of the phantom stock granted to the Helmerich & Payne (HP) director?

The phantom stock granted is a deferred compensation instrument tied 1-for-1 to Helmerich & Payne shares. It does not involve immediate share issuance and will be settled in cash only, under the terms of the Director Deferred Compensation Plan described in the filing’s footnotes.

When will the phantom stock awarded to the Helmerich & Payne (HP) director be paid?

The phantom stock becomes payable in cash at the director’s election either in a lump sum within 60 days after his board service ends or in annual installments for a chosen period not exceeding 10 years, according to the plan terms described in the footnotes.

Did the Helmerich & Payne (HP) director buy or sell common shares in this Form 4?

The Form 4 shows an acquisition through a grant of 5,273 phantom stock units, not an open-market buy or sale of common shares. The transaction code is “A,” indicating a grant, award, or other acquisition under the company’s Director Deferred Compensation Plan.

How many phantom stock units does the Helmerich & Payne (HP) director hold after this grant?

After receiving the 5,273 phantom stock units, the director’s directly held phantom stock balance totals 59,010 units. These units are part of the Director Deferred Compensation Plan and are payable only in cash in the future under the election terms specified in the plan.