Form 4: Halliburton CEO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Halliburton's CEO, Jeffrey Allen Miller, sold 4,917 shares of common stock to cover tax obligations related to vested stock awards.
Summary
- Halliburton CEO Jeffrey Allen Miller sold 4,917 shares of common stock on January 6, 2025.
- The sale was executed to cover federal tax withholding obligations arising from the vesting of restricted stock units.
- The shares were sold at a price of $27.73 per share.
- Following the transaction, Miller directly owns 851,009.469 shares of Halliburton common stock.
- The stock vested on January 2, 2025, and is related to a stock grant from January 2, 2024.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation. It is not indicative of any positive or negative sentiment towards the company's performance or future prospects. The transaction is expected and does not raise any concerns.
Industry Context
This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.
Comparison to Industry Standards
- Many companies in the oil and gas industry, such as Schlumberger and Baker Hughes, use stock-based compensation as part of their executive pay packages.
- It is standard practice for executives to sell shares to cover tax liabilities when stock options or restricted stock units vest.
- The amount of shares sold is relatively small compared to the total shares owned by the CEO, which is typical for these types of transactions.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 12/02/2015 | Grant date for options to buy 99,200 shares at $38.95, expiring 12/02/2025. |
| 12/07/2016 | Grant date for options to buy 69,500 shares at $53.54, expiring 12/07/2026. |
| 12/06/2017 | Grant date for options to buy 128,500 shares at $43.38, expiring 12/06/2027. |
| 12/05/2018 | Grant date for options to buy 171,200 shares at $31.44, expiring 12/05/2028. |
| 01/02/2024 | Date of the stock grant related to the shares that vested on January 2, 2025. |
| 01/02/2025 | Date the restricted stock units vested. |
| 01/06/2025 | Date of the stock sale to cover tax obligations. |
| 01/08/2025 | Date the form was signed. |
Keywords
Halliburton, CEO, Jeffrey Allen Miller, stock sale, tax obligations, insider trading, equity compensation
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