Form 4: Halliburton CEO Jeffrey Allen Miller Reports Acquisition of Common Stock

Halliburton's CEO, Jeffrey Allen Miller, reports acquiring 298,462 shares of common stock at $25.01 per share on March 3, 2025, increasing his direct holdings to 1,135,141.469 shares.

Summary

• On March 3, 2025, Jeffrey Allen Miller, the Director, President, and CEO of Halliburton, acquired 298,462 shares of Halliburton common stock at a price of $25.01 per share.
• This acquisition was due to the vesting of performance share units granted on January 3, 2022, under the Halliburton Company Performance Unit Program.
• Following this transaction, Miller directly owns 1,135,141.469 shares of Halliburton common stock.
• Miller also holds options to buy common stock at various prices and expiration dates, including options for 171,200 shares at $31.44 expiring on December 5, 2028, 128,500 shares at $43.38 expiring on December 6, 2027, 69,500 shares at $53.54 expiring on December 7, 2026, and 99,200 shares at $38.95 expiring on December 2, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing indicating an executive's stock acquisition due to vesting of performance units. It doesn't inherently suggest positive or negative implications for the company's performance.

Positives

• The vesting of performance share units indicates that performance criteria were met, which could be viewed positively.
• Increased ownership by the CEO aligns his interests with those of shareholders.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives and their holdings in the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The information disclosed is consistent with regulatory requirements for insider trading reporting.
• Comparable companies such as Schlumberger and Baker Hughes also have executives who regularly file Form 4s to report changes in their ownership of company stock.

Stakeholder Impact

• Shareholders may view the increased ownership by the CEO as a positive sign, aligning his interests with theirs.
• The transaction itself has minimal direct impact on employees, customers, suppliers, or creditors.

Key Dates