Helmerich & Payne (HP) EVP Lennox sells 5,000 shares under 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 August 10, 2026 at $40.00 per share. After this open-market sale, he directly holds 181,037 shares of Helmerich & Payne common stock. The transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by Lennox on March 30, 2026.
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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 ($200K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 5,000 | $40.00 | $200K |
Holdings After Transaction:
Common Stock — 181,037 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: 5,000 shares
Sale price per share: $40.00
Shares owned after transaction: 181,037 shares
+1 more
4 metrics
Shares sold
5,000 shares
Common stock sale on August 10, 2026 by EVP Michael Lennox
Sale price per share
$40.00
Reported price for the 5,000-share sale of common stock
Shares owned after transaction
181,037 shares
Directly owned common shares by Lennox following the sale
Rule 10b5-1 adoption date
March 30, 2026
Date Lennox adopted the trading plan used for this sale
Key Terms
Rule 10b5-1 trading plan, open market, Form 4
3 terms
Rule 10b5-1 trading plan regulatory
"Transaction 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 market
"Sale in open market or private transaction"
An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.
Form 4 regulatory
"reported in a Form 4 insider transaction filing"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
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 August 10, 2026 at $40.00 per share in an open-market or private transaction.
Was the Helmerich & Payne (HP) insider sale under a Rule 10b5-1 plan?
Yes. The filing states the 5,000-share sale by Michael Lennox was effected pursuant to a Rule 10b5-1 trading plan previously adopted on March 30, 2026.
What is Michael Lennox’s role at Helmerich & Payne (HP) in this Form 4?
In the Form 4, Michael Lennox is identified as an officer of Helmerich & Payne, serving as EVP, Western Hemisphere Land, and is the reporting person for the transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.