Form 4: Halliburton CEO Reports Routine Stock Transactions

Halliburton CEO Jeffrey Allen Miller reported the disposition of 20,966 shares for tax withholding and the expiration of a stock option.

Summary

• Jeffrey Allen Miller, Director, President & CEO of Halliburton Co (HAL), reported changes in beneficial ownership.
• On December 4, 2025, 20,966 shares of Common Stock were disposed of at a price of $26.91 per share.
• This disposition was for Federal tax withholding obligations related to the lapse of restrictions on shares issued under the Stock and Incentive Plan.
• Following this transaction, Miller beneficially owns 997,632.02 shares of Common Stock directly.
• This total includes 901.551 shares purchased through the Halliburton Company Employee Stock Purchase Plan for the period ending March 31, 2025.
• An option to buy 99,200 shares of Common Stock with a strike price of $38.95 expired on December 2, 2025.
• Miller continues to hold other options to buy Common Stock with strike prices of $31.44, $43.38, and $53.54, expiring in 2028, 2027, and 2026 respectively.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions (tax withholding on vested shares and option expiration) which are neutral events in terms of company performance or outlook. There are no indications of positive or negative strategic shifts.

Positives

• The vesting of shares indicates successful achievement of performance criteria or tenure, leading to the release of restricted stock.
• The company's Stock and Incentive Plan allows the reporting person to satisfy tax obligations by transferring unrestricted shares to the issuer, which is a common and efficient mechanism for executives.

Negatives

• An option to buy 99,200 shares of Common Stock at a strike price of $38.95 expired unexercised on December 2, 2025, suggesting the stock price was below the strike price at or near expiration, or the option was not exercised for other reasons.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future performance or strategic direction. It solely reports past insider transactions.

Management Comments

• Shares transferred to Halliburton Company for payment for Federal tax withholding obligations on lapse of restrictions on shares issued under the Stock and Incentive Plan.
• Said Plan permits Reporting Person to satisfy withholding tax obligation by transferring unrestricted shares to the Issuer.
• The stock vested on December 2, 2025 and is related to stock granted on December 2, 2020.
• The closing price of Halliburton Company's Common Stock on the New York Stock Exchange on December 2, 2025 was $26.91.
• Shares were withheld for tax reporting on December 4, 2025.
• Stock option expired December 2, 2025.

Industry Context

This filing is a routine insider transaction report and does not provide information directly related to broader industry trends or competitive landscape. It reflects an executive's compensation and tax management within the oilfield services sector.

Comparison to Industry Standards

• This Form 4 filing details routine insider transactions related to executive compensation and tax obligations, which are standard practices across publicly traded companies.
• The specific details of stock vesting and option expiration are unique to Halliburton's compensation plans and the individual executive's holdings, making direct comparisons to specific comparable companies or projects difficult without further context on their respective compensation structures and stock performance.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are routine executive compensation and tax-related transactions. The disposition of shares for tax purposes is not a discretionary sale.
• Employees: No direct impact on general employees.
• Management: Reflects the compensation structure and tax obligations for the CEO.

Key Dates

Keywords

Halliburton, HAL, Jeffrey Allen Miller, Insider Transaction, Form 4, Stock Option, Tax Withholding, Beneficial Ownership, Executive Compensation