Form 4: Halliburton CEO, Jeffrey Allen Miller, Reports Stock Transaction for Tax Obligations
SEC Form 4
Halliburton's CEO, Jeffrey Allen Miller, transferred 13,138 shares of common stock to cover tax obligations related to vested stock awards.
Summary
- Jeffrey Allen Miller, CEO of Halliburton, reported a transaction involving the transfer of 13,138 shares of common stock.
- The shares were transferred to Halliburton to cover federal tax withholding obligations arising from the vesting of stock awards.
- The stock vested on December 4, 2024, and the transaction occurred on December 6, 2024.
- The price of the stock at the time of vesting was $30.60 per share.
- Following the transaction, Miller directly owns 725,603.469 shares of Halliburton common stock.
- Miller also holds options to buy common stock at various prices and expiration dates.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation, which is neither particularly positive nor negative. It is a standard practice and does not indicate any significant change in the company's financial health or outlook.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies. It reflects the standard practice of executives receiving stock-based compensation and the subsequent tax obligations.
Comparison to Industry Standards
- Stock-based compensation is a common practice among publicly traded companies, particularly in the oil and gas industry where Halliburton operates.
- The vesting and subsequent tax withholding of shares are standard procedures for executive compensation packages.
- Companies like Schlumberger and Baker Hughes also utilize similar stock-based compensation plans for their executives.
- The number of shares and option grants are within the typical range for a CEO of a company of Halliburton's size and market capitalization.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the transfer of shares for tax purposes, which is a standard practice.
- The transaction does not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/02/2015 | Date of grant for options to buy 99,200 shares at $38.95 expiring 12/02/2025 |
| 12/07/2016 | Date of grant for options to buy 69,500 shares at $53.54 expiring 12/07/2026 |
| 12/06/2017 | Date of grant for options to buy 128,500 shares at $43.38 expiring 12/06/2027 |
| 12/05/2018 | Date of grant for options to buy 171,200 shares at $31.44 expiring 12/05/2028 |
| 12/04/2019 | Date of grant for stock that vested on December 4, 2024 |
| 12/04/2024 | Date of stock vesting at a price of $30.60 per share |
| 12/06/2024 | Date of stock transfer to cover tax obligations |
| 12/10/2024 | Date of filing of the SEC Form 4 |
Keywords
Halliburton, Jeffrey Allen Miller, stock transaction, tax obligations, stock options, insider trading, SEC Form 4
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