Helmerich & Payne (NYSE: HP) EVP Lennox sells 5,000 shares at $35
Rhea-AI Filing Summary
Helmerich & Payne, Inc. executive Michael Lennox, EVP, Western Hemisphere Land, reported a sale of 5,000 shares of Common Stock on July 22, 2026 at $35.00 per share in an open market or private transaction. Following this trade, he directly owns 186,037 shares, with the transaction made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
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 | 5,000 | $35.00 | $175K |
Holdings After Transaction:
Common Stock — 186,037 shares (Direct)
Key Figures
Shares sold: 5,000 shares
Sale price: $35.00 per share
Shares owned after sale: 186,037 shares
3 metrics
Shares sold
5,000 shares
Common Stock sale on July 22, 2026
Sale price
$35.00 per share
Price for the 5,000-share Common Stock sale
Shares owned after sale
186,037 shares
Directly owned Common Stock following the transaction
Key Terms
Rule 10b5-1, open market or private transaction, Common Stock
3 terms
Rule 10b5-1 regulatory
"Transactions were affirmed under a Rule 10b5-1 trading plan"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
open market or private transaction financial
"Sale in open market or private transaction"
Common Stock financial
"Security title reported as Common Stock"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Helmerich & Payne (HP) report for executive Michael Lennox?
Helmerich & Payne (HP) reported that EVP Michael Lennox sold 5,000 shares of Common Stock. The transaction occurred on July 22, 2026, and was reported as a sale in an open market or private transaction under a Rule 10b5-1 trading plan.
Was the Helmerich & Payne (HP) insider sale by Michael Lennox under a Rule 10b5-1 plan?
Yes. The filing affirms that transactions were made under a Rule 10b5-1 trading plan. This indicates the trade by Michael Lennox followed a pre-established plan, which can reduce the informational value of the trade’s timing for interpreting insider sentiment.
When did Michael Lennox’s Helmerich & Payne (HP) stock sale take place?
The reported sale of Helmerich & Payne Common Stock by Michael Lennox took place on July 22, 2026. On that date, he sold 5,000 shares at $35.00 per share in a transaction described as an open market or private sale.
What role does Michael Lennox hold at Helmerich & Payne (HP) in this Form 4 filing?
In this Form 4, Michael Lennox is identified as an officer of Helmerich & Payne, serving as EVP, Western Hemisphere Land. The reported 5,000-share sale reflects trading activity in his capacity as a company executive.