Form 4: Halliburton CEO, Jeffrey Miller, Reports Stock Transactions for Tax Obligations
SEC Form 4 Filing
Halliburton's CEO, Jeffrey Miller, transferred shares to cover tax obligations related to vested stock awards.
Summary
- Halliburton's CEO, Jeffrey Miller, reported the transfer of company stock to cover federal tax withholding obligations.
- These shares were related to the vesting of stock awards granted in 2022 and 2023.
- A total of 14,330 shares were transferred at a price of $27.68 per share on January 7, 2025.
- The transfers were made to satisfy tax obligations arising from the vesting of restricted stock units.
- Following these transactions, Mr. Miller directly owns 836,679.469 shares of Halliburton stock.
Sentiment
Score: 7
Explanation: The document reflects routine transactions related to executive compensation and tax obligations, which is neutral to slightly positive as it indicates the executive is receiving compensation.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies.
Comparison to Industry Standards
- Executive stock transactions for tax purposes are a standard practice across publicly listed companies.
- The vesting schedules and option grants are typical for executive compensation packages in the oil and gas services industry.
- Companies like Schlumberger and Baker Hughes also have similar stock-based compensation plans for their executives.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a sale of shares on the open market.
Key Dates
| Date | Description |
|---|---|
| 12/02/2015 | Grant date for options to buy common stock at $38.95, expiring 12/02/2025. |
| 12/07/2016 | Grant date for options to buy common stock at $53.54, expiring 12/07/2026. |
| 12/06/2017 | Grant date for options to buy common stock at $43.38, expiring 12/06/2027. |
| 12/05/2018 | Grant date for options to buy common stock at $31.44, expiring 12/05/2028. |
| 01/03/2022 | Grant date for stock that vested on January 3, 2025. |
| 01/03/2023 | Grant date for stock that vested on January 3, 2025. |
| 01/03/2025 | Vesting date for stock awards related to the transactions. |
| 01/07/2025 | Date of stock transfer for tax obligations. |
| 01/10/2025 | Date of SEC filing. |
Keywords
Halliburton, Jeffrey Miller, stock transaction, tax withholding, SEC Form 4, insider trading, equity compensation, vesting
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