Helmerich & Payne (HP) EVP Michael Lennox Sells 5,000 Shares

What Happened
Michael Lennox, EVP — Western Hemisphere Land at Helmerich & Payne (HP), sold 5,000 shares in an open-market transaction on August 10, 2026 at $40.00 per share, for a total of $200,000. This was a sale (not a purchase or option exercise).

Key Details

• Transaction date and price: 2026-08-10 — sale of 5,000 shares at $40.00 each.
• Total value: $200,000.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: Transaction effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 30, 2026.
• Filing date: Form 4 filed Aug 12, 2026 (two days after the trade; within the common 2-business-day reporting window).

Context
The sale was executed under a pre-established 10b5-1 plan, which typically means the trade was scheduled in advance and not an ad-hoc decision based on current inside information. Sales are common for insiders for diversification or liquidity reasons; they do not by themselves indicate the company’s outlook.