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    John W. Lindsay

    President and Chief Executive Officer at Helmerich and Payne Inc
    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 and Payne Inc

    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