Form 4: Halliburton CEO Sells Shares Under 10b5-1 Plan
Insider Transaction Report
Halliburton's CEO, Jeffrey Allen Miller, exercised options and sold 171,200 shares of common stock for a profit, pursuant to a pre-arranged 10b5-1 trading plan.
Summary
- Jeffrey Allen Miller, Halliburton's Director, President & CEO, engaged in a stock transaction on January 23, 2026.
- Miller exercised options to acquire 171,200 shares of common stock at a price of $31.44 per share.
- Concurrently, Miller sold 171,200 shares of common stock at a price of $34.96 per share.
- Both transactions were executed under a Rule 10b5-1 trading plan adopted on February 13, 2025.
- Following these transactions, Miller beneficially owns 1,101,243.02 shares of Halliburton common stock.
Sentiment
Score: 6
Explanation: Slightly positive. The CEO realized a profit from exercising options and selling shares. The use of a Rule 10b5-1 plan indicates a pre-planned, transparent transaction, which mitigates potential negative interpretations of insider selling.
Positives
- The CEO realized a profit by exercising options at $31.44 and selling shares at $34.96.
- The transactions were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned and transparent approach to insider stock sales.
Negatives
- An insider selling shares, even under a 10b5-1 plan, can sometimes be perceived as a lack of confidence, though this is mitigated by the pre-planned nature.
Future Outlook
N/A. This filing reports past transactions and does not contain forward-looking statements or guidance.
Industry Context
N/A. This Form 4 filing details an individual insider transaction and does not provide broader industry context or trends.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Plan | The transactions were executed pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 13, 2025, which is a common corporate governance practice to manage insider stock sales transparently. | 02/13/2025 | Enhances transparency and reduces the perception of opportunistic insider trading by pre-scheduling transactions. |
Stakeholder Impact
- Shareholders: May view the CEO's profit-taking as a positive sign of value realization, while the sale itself is mitigated by the pre-planned nature under a 10b5-1 plan.
Key Dates
| Date | Description |
|---|---|
| 12/07/2016 | Date exercisable for 69,500 options to buy Common Stock with an expiration date of 12/07/2026. |
| 12/06/2017 | Date exercisable for 128,500 options to buy Common Stock with an expiration date of 12/06/2027. |
| 12/05/2018 | Date exercisable for 171,200 options to buy Common Stock that were exercised on 01/23/2026. |
| 02/13/2025 | Date Rule 10b5-1 trading plan was adopted by the Reporting Person. |
| 01/23/2026 | Date of option exercise and subsequent sale of common stock. |
| 01/26/2026 | Date the Form 4 filing was signed. |
| 12/07/2026 | Expiration date for 69,500 options to buy Common Stock. |
| 12/06/2027 | Expiration date for 128,500 options to buy Common Stock. |
| 12/05/2028 | Expiration date for 171,200 options to buy Common Stock that were exercised. |
Keywords
Halliburton, HAL, Jeffrey Allen Miller, Insider Trading, Form 4, Stock Options, 10b5-1 Plan, CEO Stock Sale, Beneficial Ownership, Oilfield Services
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.