Form 4: Halliburton CEO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Halliburton's CEO, Jeffrey Allen Miller, disposed of shares to cover federal tax withholding obligations related to the lapse of restrictions on shares issued under the company's Stock and Incentive Plan.
Summary
- On March 6, 2025, Jeffrey Allen Miller, Halliburton's CEO, disposed of 117,445 shares of common stock to cover federal tax withholding obligations.
- The shares were sold at a price of $25.01 per share.
- Following the transaction, Miller directly owns 1,017,696.469 shares of Halliburton common stock.
- Miller also holds options to buy a total of 468,400 shares of Halliburton common stock at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation, tax obligations, or portfolio diversification. These transactions are closely monitored by investors as they can provide insights into an executive's perspective on the company's future performance.
Comparison to Industry Standards
- Executive compensation practices, including stock options and restricted stock units, are common across the oilfield services industry.
- Companies like Schlumberger and Baker Hughes also utilize similar equity-based compensation plans for their executives.
- The vesting schedules and exercise prices of stock options are typically structured to align executive interests with long-term shareholder value creation.
Key Dates
| Date | Description |
|---|---|
| 12/07/2016 | Date of option grant with exercise price of $53.54 and expiration date of 12/07/2026 for 69,500 shares. |
| 12/06/2017 | Date of option grant with exercise price of $43.38 and expiration date of 12/06/2027 for 128,500 shares. |
| 12/05/2018 | Date of option grant with exercise price of $31.44 and expiration date of 12/05/2028 for 171,200 shares. |
| 03/03/2025 | Performance Unit shares were issued. |
| 03/06/2025 | Date of transaction: CEO disposed of shares to cover tax obligations. |
| 03/07/2025 | Date of Form 4 filing. |
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