Bellinger Delaney Murchison 4

What Happened

• Bellinger Delaney Murchison, a director of Helmerich & Payne, received an award of 5,273 phantom shares (derivative units) on 2026-03-05. The units were granted at an acquisition price of $0 and are cash-settled rather than issued as common stock.

Key Details

• Transaction date: 2026-03-05; Form 4 filed 2026-03-06 (filed the next day).
• Transaction type/code: Award/Grant (A) of derivative phantom shares.
• Shares/units granted: 5,273 phantom shares; acquisition price reported as $0.
• Share conversion: 1-for-1 (each phantom share corresponds to one common share equivalent).
• Payout terms: Phantom shares payable in cash only, at the director's election either (1) lump sum no later than 60 days after termination of service, or (2) in annual installments over a period of "x" years (not to exceed 10). (Per filing footnotes.)
• Shares owned after transaction: not specified in the filing.
• Timeliness: Filing appears timely (reported the day after the grant).

Context

• Phantom shares are a form of deferred, cash-settled compensation tied to the company’s stock value; they do not represent immediate ownership of common shares and are paid in cash when vested/paid out. Such awards are routine for non-employee directors and do not directly indicate a personal buy/sell decision in the market.