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

What Happened
Michael Lennox, EVP, Western Hemisphere Land at Helmerich & Payne, sold 5,000 shares on July 22, 2026 at $35.00 per share, producing proceeds of $175,000. The Form 4 on this transaction was amended to add a footnote clarifying the sale was effected under a Rule 10b5-1 trading plan adopted March 30, 2026. This was a disposition (sale), which is commonly routine cashing-out rather than a direct bullish signal.

Key Details

• Transaction date: July 22, 2026. Price: $35.00 per share. Shares sold: 5,000. Total value: $175,000.
• Method reported as "open market or private sale" (Form 4 indicates sale/disposition code S).
• Footnote: Amendment adds that the trade was made pursuant to a 10b5-1 trading plan adopted March 30, 2026.
• Shares owned after the transaction: not disclosed in the supplied filing.
• Filing status: This is an amended Form 4 (amendment filed August 13, 2026) solely to include the 10b5-1 footnote.

Context
A 10b5-1 trading plan allows insiders to execute prearranged trades at predetermined times and helps insulate transactions from accusations of insider trading based on nonpublic information. Such preplanned sales are often routine portfolio-management activity; they do not, by themselves, indicate a change in the insider’s view of the company.