Form 4: Halliburton CEO Sells Shares for Tax Obligations
Insider Transaction Report
Halliburton's CEO, Jeffrey Allen Miller, disposed of 29,847 shares of common stock to cover tax withholding obligations related to vested equity awards.
Summary
- Jeffrey Allen Miller, Halliburton's Director, President & CEO, reported a transaction on January 8, 2026.
- He disposed of 29,847 shares of Halliburton Common Stock.
- The shares were transferred to Halliburton Company at a price of $29.60 per share to satisfy Federal tax withholding obligations.
- This transaction was related to shares that vested on January 2, 2026, and January 3, 2026, originating from grants between 2022 and 2025.
- Following this transaction, Miller directly beneficially owns 1,101,243.02 shares of common stock.
- The transaction was executed under a Rule 10b5-1(c) plan.
- Miller also holds derivative securities including options to buy 171,200 shares at $31.44, 128,500 shares at $43.38, and 69,500 shares at $53.54.
Sentiment
Score: 5
Explanation: Neutral. This is a routine, non-discretionary transaction for tax purposes related to executive compensation, which is a common occurrence and does not reflect a change in management's outlook or company performance.
Positives
- The disposition of shares was for tax withholding, a routine and non-discretionary event for executive compensation, rather than a discretionary sale.
- The transaction was conducted under a Rule 10b5-1(c) plan, indicating a pre-arranged disposition that enhances transparency.
- Miller retains a significant beneficial ownership of 1,101,243.02 shares of common stock, demonstrating continued alignment with shareholder interests.
Future Outlook
NA
Industry Context
NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Policy Adherence | Transaction executed under a Rule 10b5-1(c) plan, demonstrating adherence to pre-arranged trading plans to avoid accusations of insider trading. | 01/08/2026 | Enhances transparency and reduces potential for perceived opportunistic trading by insiders. |
Related Party Transactions
- Transfer of 29,847 shares to Halliburton Company by Jeffrey Allen Miller to satisfy Federal tax withholding obligations on vested equity awards, as permitted by the company's Stock and Incentive Plan.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not a sale based on new information or a change in confidence.
- Employees: No direct impact.
Key Dates
| Date | Description |
|---|---|
| 12/07/2016 | Grant date for options to buy 69,500 shares of Common Stock. |
| 12/06/2017 | Grant date for options to buy 128,500 shares of Common Stock. |
| 12/05/2018 | Grant date for options to buy 171,200 shares of Common Stock. |
| 01/03/2022 | Grant date for a portion of the stock that vested. |
| 01/03/2023 | Grant date for a portion of the stock that vested. |
| 01/02/2024 | Grant date for a portion of the stock that vested. |
| 01/02/2025 | Grant date for a portion of the stock that vested. |
| 01/02/2026 | Vesting date for a portion of the restricted stock; closing price was $29.60. |
| 01/03/2026 | Vesting date for a portion of the restricted stock (non-market date). |
| 01/08/2026 | Date of transaction where shares were withheld for tax reporting. |
| 01/09/2026 | Signature date of the Form 4 filing. |
| 12/07/2026 | Expiration date for options to buy 69,500 shares of Common Stock. |
| 12/06/2027 | Expiration date for options to buy 128,500 shares of Common Stock. |
| 12/05/2028 | Expiration date for options to buy 171,200 shares of Common Stock. |
Recommendation
holdThis Form 4 filing details a routine, non-discretionary sale of shares by Halliburton's CEO to cover tax obligations upon the vesting of equity awards. Such transactions are common for executives and are often pre-scheduled under Rule 10b5-1 plans, as indicated here. It does not signal a change in the company's fundamentals, management's confidence, or future outlook. Therefore, it provides no new information that would warrant a change in investment recommendation, suggesting a 'hold' position is appropriate based solely on this filing.
Keywords
Halliburton, HAL, Jeffrey Allen Miller, Insider Trading, Form 4, Stock Sale, Tax Withholding, Executive Compensation, Equity Awards, Rule 10b5-1
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