Management ChangeSep 22, 2026, 04:09 PM
Helmerich & Payne Approves Compensation Increases for CEO and CFO
AI Summary
Helmerich & Payne, Inc. announced increases to the annual compensation for its President and Chief Executive Officer, Raymond John “Trey” Adams III, and Senior Vice President and Chief Financial Officer, Todd Scruggs. Effective October 1, 2026, Mr. Adams' base salary will rise to $1,000,000, with his target bonus and long-term equity incentive award also increasing. Mr. Scruggs will see his base salary increase to $570,000, and his target bonus will be raised.
Key Highlights
- Helmerich & Payne, Inc. President and CEO Raymond John “Trey” Adams III's annual base salary increased to $1,000,000 effective October 1, 2026.
- Mr. Adams' target bonus increased to 130% of base salary for fiscal 2027.
- Mr. Adams' target annual long-term equity incentive award increased to 500% of base salary for fiscal 2027.
- Helmerich & Payne, Inc. Senior Vice President and CFO Todd Scruggs' annual base salary increased to $570,000 effective October 1, 2026.
- Mr. Scruggs' target bonus increased to 100% of base salary for fiscal 2027.
Price Impact
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