Helmerich & Payne (HP) EVP Michael Lennox Sells 10,000 Shares

What Happened Michael Lennox, EVP, Western Hemisphere Land at Helmerich & Payne (HP), disposed of 10,000 shares on 2026-09-01 at $45.00 per share, for total proceeds of $450,000. This was a sale (not a purchase), which is often routine and does not necessarily indicate a change in insider sentiment.

Key Details

• Transaction date: 2026-09-01; price: $45.00 per share; shares sold: 10,000; proceeds: $450,000.
• Transaction type: Sale (reported as "Open market or private sale (S)").
• Filing date / report period: Form filed 2026-09-02 for period 2026-09-01 — appears to be filed timely.
• Footnote: Trade executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 30, 2026.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.

Context Trades under 10b5-1 plans are prearranged and executed according to a preset schedule or rules, so they may not reflect the insider's current view of the company. For retail investors, purchases tend to be a stronger signal than routine sales; treat this sale as factual reporting rather than a directional endorsement.