Sign in

John W. Lindsay

President and Chief Executive Officer at Helmerich & Payne
Board
Since 2014
Age
64 years
Education
Holds a Bachelor of Science degree in Petroleum Engineering from the University of Tulsa.
Tenure
Joined HP in 1987 as a drilling engineer and has served progressively as Vice President, Executive Vice President, Chief Operating Officer, and ultimately as President and Chief Executive Officer since 2014.

Also at Helmerich & Payne

CMH
Cara M. Hair
Senior Vice President, Corporate Services and Chief Legal and Compliance Officer
JKV
J. Kevin Vann
Senior Vice President and Chief Financial Officer
MPL
Michael P. Lennox
Senior Vice President, Americas Operations

About

John W. Lindsay, aged 64, is a seasoned executive with over three decades of experience at HP. He began his career with the company in 1987 as a drilling engineer, gradually ascending through roles such as Vice President, Executive Vice President, and Chief Operating Officer before becoming President and Chief Executive Officer in 2014.

He holds a Bachelor of Science degree in Petroleum Engineering from the University of Tulsa, underscoring his strong technical background and commitment to the field.

Throughout his tenure, he has provided strategic leadership across U.S. and international operations, contributing significantly to the company’s growth and guiding its long-term strategy with a deep understanding of the energy industry.

$HP Performance Under John W. Lindsay

Past Roles

Organization Role Date Range
Helmerich & Payne President and Chief Operating Officer September 2012 - March 2014
Helmerich & Payne Executive Vice President and Chief Operating Officer 2010 - September 2012
Helmerich & Payne International Drilling Co. Executive Vice President, U.S. and International Operations 2006 - 2010
Helmerich & Payne International Drilling Co. Vice President of U.S. Land Operations 1997 - 2006

External Roles

Organization Role Date Range
Arcosa, Inc. Board Member 2018 - Present

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Salary$1,138,909 Last 3 months of 2023 + first 9 months of 2024Annual salary adjustments effective at the beginning of each calendar year
Stock Awards$5,543,919 Per grant date under FASB ASC 718Aggregate grant date fair value of restricted stock; see note 10 in financial statements
Change in Pension Value and Nonqualified Deferred Compensation Earnings$4,676 Calculated for fiscal 2024Actuarial present value based on an immediate annuity with assumed retirement on September 30, 2024
All Other Compensation$506,690 Various as benefits accrueIncludes Savings Plan Matching ($17,250 ), Nonqualified Supplemental Savings Plan Matching ($122,040 ), Dividends on Restricted Stock ($251,281 ), Supplemental Life and Long-Term Disability Premiums ($16,293 ), Personal Use of Company Aircraft ($46,934 ), Cash Benefit for 25 Years of Service ($22,115 ); additional benefits not individually quantified

Performance Compensation

Data from  FY 2024

Non-Equity Incentive Plan Compensation for 2024

MetricValueDetails
Threshold$690,000 Minimum performance level required
Target$1,380,000 Base performance level for payout
Maximum$2,760,000 Cap on performance compensation payout
Grant DateDecember 6, 2023 Award effective date
Grant Date Fair Value$2,771,941 (PSUs) / $2,771,978 (Restricted Stock) Fair value for performance-based awards
ConditionsN/ADependent on achievement of pre-established performance objectives
VestingN/ASpecific vesting terms not provided

Performance Share Units (PSUs) for 2024

MetricValueDetails
Threshold26,081 units Minimum number of PSU units earned upon meeting performance criteria
Target69,551 units Base target award in PSU units
Maximum173,877 units Maximum PSU units possible with performance modifier
Maximum Grant Date Value$6,929,852 With full achievement and a ROIC modifier that can increase value by 25%
Grant DateDecember 6, 2023 Effective award date
Grant Date Fair Value$2,771,941 Determined fair value at grant date
Vesting ScheduleUntil December 31, 2026 Time-based vesting over a three-year term
Evaluation PeriodFiscal 2024 to December 31, 2026Three-year performance evaluation period
ROIC Modifier25% increase possible May increase maximum grant date value based on ROIC performance
Actual PayoutsNot finalizedDependent on the achievement of relative TSR and other performance objectives