Helmerich & Payne Management

Management criteria checks 3/4

Helmerich & Payne's CEO is John Lindsay, appointed in Sep 2012, has a tenure of 12.17 years. total yearly compensation is $8.60M, comprised of 12.7% salary and 87.3% bonuses, including company stock and options. directly owns 0.61% of the company’s shares, worth €19.28M. The average tenure of the management team and the board of directors is 4.2 years and 12.2 years respectively.

Key information

John Lindsay

Chief executive officer

US$8.6m

Total compensation

CEO salary percentage	12.7%
CEO tenure	12.2yrs
CEO ownership	0.6%
Management average tenure	4.2yrs
Board average tenure	12.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has John Lindsay's remuneration changed compared to Helmerich & Payne's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$339m
Jun 30 2024	n/a	n/a	US$342m
Mar 31 2024	n/a	n/a	US$348m
Dec 31 2023	n/a	n/a	US$426m
Sep 30 2023	US$9m	US$1m	US$428m
Jun 30 2023	n/a	n/a	US$397m
Mar 31 2023	n/a	n/a	US$320m
Dec 31 2022	n/a	n/a	US$153m
Sep 30 2022	US$8m	US$1m	US$5m
Jun 30 2022	n/a	n/a	-US$119m
Mar 31 2022	n/a	n/a	-US$194m
Dec 31 2021	n/a	n/a	-US$312m
Sep 30 2021	US$8m	US$1m	-US$327m
Jun 30 2021	n/a	n/a	-US$320m
Mar 31 2021	n/a	n/a	-US$309m
Dec 31 2020	n/a	n/a	-US$607m
Sep 30 2020	US$7m	US$1m	-US$499m
Jun 30 2020	n/a	n/a	-US$397m
Mar 31 2020	n/a	n/a	-US$506m
Dec 31 2019	n/a	n/a	-US$13m
Sep 30 2019	US$8m	US$984k	-US$36m
Jun 30 2019	n/a	n/a	-US$75m
Mar 31 2019	n/a	n/a	US$72m
Dec 31 2018	n/a	n/a	-US$854k
Sep 30 2018	US$8m	US$928k	US$489m

Compensation vs Market: John's total compensation ($USD8.60M) is above average for companies of similar size in the German market ($USD1.93M).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.

CEO

John Lindsay (63 yo)

12.2yrs

Tenure

US$8,595,963

Compensation

Mr. John W. Lindsay has been the Chief Executive Officer and President of Helmerich & Payne, Inc. since March 5, 2014 and since September 2012 respectively. He serves as an Independent Director of Arcosa,...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John Lindsay	President	12.2yrs	US$8.60m	0.61% € 19.3m
Cara Hair	Senior VP of Corporate Services and Chief Legal & Compliance Officer	9.7yrs	US$2.78m	0.14% € 4.4m
John Bell	Senior Vice President of International & Offshore Operations	3.9yrs	US$2.33m	0.17% € 5.3m
Mark Smith	Senior Advisor	less than a year	US$3.03m	0.15% € 4.7m
Michael Lennox	Senior Vice President of North America Solutions	3.9yrs	US$2.23m	0.10% € 3.2m
J. Vann	Senior VP & CFO	less than a year	no data	0.0033% € 106.1k
Sara Momper	VP & Chief Accounting Officer	5.1yrs	no data	0.020% € 650.2k
Dave Wilson	Vice President of Investor Relations	no data	no data	no data
Raymond Adams	Senior Vice President of Sales & Marketing	4.2yrs	no data	0.082% € 2.6m
Valerie Vaughan	Director of Human Resources & Organizational Development	no data	no data	no data
Chay Chinsethagid	Senior Vice President of Information Technology & Engineering	4.8yrs	no data	no data
William Gault	Corporate Secretary	no data	no data	no data

4.2yrs

Average Tenure

50.5yo

Average Age

Experienced Management: HPC's management team is considered experienced (4.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
John Lindsay	President	12.2yrs	US$8.60m	0.61% € 19.3m
Hans Helmerich	Chairman of the Board	37.7yrs	US$432.97k	2.09% € 66.4m
John Zeglis	Independent Director	35.7yrs	US$293.63k	0.062% € 2.0m
Randy Foutch	Lead Independent Director	17.7yrs	US$328.63k	0.027% € 863.1k
Jose Mas	Independent Director	7.7yrs	US$288.63k	0.031% € 992.7k
Thomas Petrie	Independent Director	12.4yrs	US$303.63k	0.041% € 1.3m
Donald Robillard	Independent Director	12.4yrs	US$323.63k	0.011% € 354.0k
Belgacem Chariag	Independent Director	3.3yrs	US$288.63k	0.017% € 555.2k
Kevin Cramton	Independent Director	7.7yrs	US$293.63k	0.031% € 992.7k
Elizabeth Killinger	Independent Director	1.4yrs	US$166.19k	0.0034% € 109.3k
Delaney Bellinger	Independent Director	6.3yrs	US$293.63k	0.0037% € 118.2k

12.2yrs

Average Tenure

65yo

Average Age

Experienced Board: HPC's board of directors are seasoned and experienced ( 12.2 years average tenure).

Helmerich & Payne Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Helmerich & Payne, Inc. Announces J. Kevin Vann as New Chief Financial Officer

Senior VP & CFO recently sold €605k worth of stock

Insider recently sold €445k worth of stock

Helmerich & Payne, Inc. Announces Retirement of Mark W. Smith as CFO

Helmerich & Payne, Inc., Annual General Meeting, Feb 27, 2024

Recent updates

Full year 2024 earnings released: EPS: US$3.48 (vs US$4.18 in FY 2023)

Upcoming dividend of US$0.25 per share

New major risk - Revenue and earnings growth

Investor sentiment improves as stock rises 15%

Dividend of US$0.25 announced

Helmerich & Payne, Inc. Declares Quarterly Cash Dividend, Payable on December 2, 2024

Insufficient new directors

Upcoming dividend of US$0.42 per share

Investor sentiment deteriorates as stock falls 15%

Helmerich & Payne, Inc. Announces J. Kevin Vann as New Chief Financial Officer

Third quarter 2024 earnings released: EPS: US$0.90 (vs US$0.93 in 3Q 2023)

Helmerich & Payne, Inc. to Report Q3, 2024 Results on Jul 25, 2024

Dividend of US$0.42 announced

Helmerich & Payne, Inc. Declares a Quarterly Supplemental Cash Dividend,Payable August 30, 2024

Upcoming dividend of US$0.42 per share

Senior VP & CFO recently sold €605k worth of stock

Second quarter 2024 earnings released: EPS: US$0.86 (vs US$1.56 in 2Q 2023)

Helmerich & Payne, Inc. to Report Q2, 2024 Results on Apr 25, 2024

Insider recently sold €445k worth of stock

Dividend of US$0.42 announced

Helmerich & Payne, Inc. Declares Quarterly Supplemental Cash Dividend, Payable on May 31, 2024

Helmerich & Payne, Inc. Announces Retirement of Mark W. Smith as CFO

Upcoming dividend of US$0.42 per share at 4.8% yield

First quarter 2024 earnings released: EPS: US$0.96 (vs US$0.91 in 1Q 2023)

New major risk - Revenue and earnings growth

Helmerich & Payne, Inc., Annual General Meeting, Feb 27, 2024

Helmerich & Payne, Inc. to Report Q1, 2024 Results on Jan 30, 2024

Now 22% undervalued after recent price drop

Helmerich & Payne, Inc. Declares Quarterly Supplemental Cash Dividend, Payable on February 27, 2024

Now 21% undervalued after recent price drop

Upcoming dividend of US$0.42 per share at 5.0% yield

Now 21% undervalued

Helmerich & Payne, Inc. to Report Q4, 2023 Results on Nov 09, 2023

Chairman of the Board recently sold €4.1m worth of stock

Now 20% undervalued

Helmerich & Payne, Inc. Declares Quarterly Cash Dividend, Payable on December 4, 2023

Upcoming dividend of US$0.48 per share at 3.9% yield

Third quarter 2023 earnings released: EPS: US$0.94 (vs US$0.16 in 3Q 2022)

Helmerich & Payne, Inc. Declares Supplemental Cash Dividend, Payable on August 31, 2023

Helmerich & Payne, Inc. to Report Q3, 2023 Results on Jul 27, 2023

Upcoming dividend of US$0.48 per share at 4.6% yield

Second quarter 2023 earnings released: EPS: US$1.58 (vs US$0.048 loss in 2Q 2022)

Investor sentiment deteriorates as stock falls 17%

Upcoming dividend of US$0.48 per share at 2.2% yield

First quarter 2023 earnings released: EPS: US$0.91 (vs US$0.48 loss in 1Q 2022)

Helmerich & Payne, Inc. Declares Supplemental Cash Dividend, Payable on February 28, 2023

Helmerich & Payne, Inc., Annual General Meeting, Feb 28, 2023

Helmerich & Payne, Inc. to Report Q1, 2023 Results on Jan 31, 2023

Now 26% undervalued

Chairman of the Board recently sold €500k worth of stock

Helmerich & Payne, Inc. Announces Mary M. Vandeweghe, Chairman of the Board of Directors Will Not Stand for Re-Election as Director At the 2023 Annual Meeting of Stockholders

Insufficient new directors

Upcoming dividend of US$0.48 per share

Helmerich & Payne, Inc. Declares Quarterly Cash Dividend, Payable on December 1, 2022

Upcoming dividend of US$0.25 per share

Insufficient new directors

Now 20% undervalued after recent price drop

Third quarter 2022 earnings released: EPS: US$0.17 (vs US$0.53 loss in 3Q 2021)

Helmerich & Payne, Inc. Declares Quarterly Cash Dividend, Payable on September 1, 2022

Insufficient new directors

Helmerich & Payne, Inc. Declares Quarterly Dividend, Payable on September 1, 2022

Senior VP & CFO recently sold €200k worth of stock

Second quarter 2022 earnings released: US$0.044 loss per share (vs US$1.15 loss in 2Q 2021)

Helmerich & Payne, Inc. to Report Q2, 2022 Results on Apr 28, 2022

Chairman of the Board recently sold €5.8m worth of stock

Helmerich & Payne, Inc. Declares A Quarterly Cash Dividend, Payable on May 27, 2022

Upcoming dividend of US$0.25 per share

First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Forecast to breakeven in 2024