Form 4: Halliburton CFO Boosts Stake with Performance Share Vesting

Halliburton's EVP & Chief Financial Officer, Eric Carre, acquired 32,347 shares of common stock at $36 per share following the vesting of performance share units.

Summary

• Eric Carre, EVP & Chief Financial Officer of Halliburton Co (HAL), acquired 32,347 shares of common stock.
• The acquisition occurred on February 27, 2026, at a price of $36 per share.
• These shares were issued upon the achievement of performance criteria and vesting of performance share units granted on January 3, 2023, under the Halliburton Company Performance Unit Program.
• Following this transaction, Carre directly owns 185,783.623 shares of common stock.
• Carre also holds options to buy common stock, including 50,100 shares at $31.44 (expiring 12/05/2028), 34,425 shares at $43.38 (expiring 12/06/2027), and 30,100 shares at $53.54 (expiring 12/07/2026).

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal. The vesting of performance shares indicates that Halliburton met its internal performance targets, and the increased insider ownership aligns executive interests with shareholders.

Positives

• The vesting of performance share units indicates that specific company performance criteria, set in January 2023, were successfully met.
• The acquisition increases the direct ownership stake of a key executive, aligning management's interests with those of shareholders.
• The shares were acquired at a price of $36, which is a clear valuation point for this executive's compensation.

Future Outlook

This Form 4 filing does not contain specific forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• The filing indicates that the shares were issued to the reporting person upon achievement of performance criteria and vesting of performance share units granted under the Halliburton Company Performance Unit Program.

Industry Context

StockSavvy.ai notes that executive compensation tied to performance shares is a common practice in the energy services industry, aiming to align executive incentives with long-term shareholder value. The vesting of these units suggests Halliburton met specific operational or financial targets during the performance period, which could be a positive indicator for the broader sector.

Comparison to Industry Standards

• This filing primarily details an executive's stock acquisition through a performance-based compensation plan, which is a standard practice across major oilfield services companies like Schlumberger (SLB) and Baker Hughes (BKR).
• The specific performance criteria are not detailed in this Form 4, but such plans typically involve metrics like revenue growth, profitability, or total shareholder return, similar to those used by industry peers to incentivize executive performance and align interests with shareholders.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholders due to higher direct stock ownership. The achievement of performance criteria for vesting could also be seen as a positive for company performance.
• Employees: The successful vesting of performance units for a key executive may signal positive company performance, potentially boosting morale.

Key Dates

Keywords

Halliburton, HAL, Insider Trading, Executive Compensation, Performance Shares, Stock Acquisition, Form 4, Officer Stock Ownership