Helmerich & Payne (NYSE: HP) director receives 5,273 phantom stock units

Rhea-AI Filing Summary

Bellinger Delaney Murchison reported acquisition or exercise transactions in this Form 4 filing.

Helmerich & Payne, Inc. director Bellinger Delaney Murchison received a grant of 5,273 units of phantom stock at a stated price of $0.00 per unit, bringing her total phantom stock holdings to 42,697 units.

The phantom shares relate to the Helmerich & Payne, Inc. Director Deferred Compensation Plan and are described as "1-for-1." They are payable in cash only, at the director’s election, either in a lump sum no later than 60 days after her board service ends or in annual installments over a chosen period of up to 10 years.

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

OMB Number:			3235-0287
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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^*

Bellinger Delaney Murchison

(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	42,697	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 Delaney M. Bellinger	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 HP director Bellinger Delaney Murchison report?

HP director Bellinger Delaney Murchison reported acquiring 5,273 phantom stock units as a grant. These units are part of the Director Deferred Compensation Plan and increase her total phantom stock holdings to 42,697 units, all recorded as directly owned derivative securities.

How many phantom stock units does the HP director now hold after this Form 4?

After the reported transaction, the HP director holds 42,697 phantom stock units. This reflects the addition of 5,273 new units granted at a stated price of $0.00 per unit, all categorized as directly owned derivative securities under the company’s director compensation arrangements.

What is the nature of the phantom stock awarded to the HP director?

The phantom stock units relate to the Helmerich & Payne, Inc. Director Deferred Compensation Plan. They are described as “1-for-1” and represent a cash-settled, derivative form of compensation rather than actual shares, with value tied to specified plan terms for the director.

How and when are the HP director’s phantom stock units paid out?

The phantom stock units are payable in cash only, at the director’s election. Payment can be taken in a lump sum no later than 60 days after board service ends, or in annual installments over a chosen period not exceeding 10 years.

Does the HP Form 4 indicate a purchase or sale of common shares?

The Form 4 shows an acquisition of phantom stock units as a grant, not a market purchase or sale of common shares. The transaction is coded as a grant, award, or other acquisition and is categorized as a derivative security under the director’s compensation plan.