Form 4: Halliburton CFO Eric Carre Acquires Shares and Options Expire
SEC Form 4 Filing
Halliburton's EVP and Chief Financial Officer, Eric Carre, acquired 37,180 shares of common stock at $27.73 per share and had a stock option for 24,750 shares expire on January 2, 2025.
Summary
- Eric Carre, the EVP & Chief Financial Officer of Halliburton, acquired 37,180 shares of common stock on January 2, 2025, at a price of $27.73 per share.
- This acquisition was part of the Halliburton Company Stock and Incentive Plan.
- The plan allows for the surrender of common stock to cover withholding tax obligations.
- Additionally, a stock option to buy 24,750 shares of common stock at $39.49 expired on the same date.
- Mr. Carre's total direct holdings of common stock after the transaction is 272,782.377 shares, which includes 907.710 shares accumulated through dividend reinvestment as of December 31, 2024.
Sentiment
Score: 6
Explanation: The document is a routine SEC filing detailing executive stock transactions. It is neither particularly positive nor negative, reflecting standard corporate activity.
Positives
- The acquisition of shares by the CFO could be seen as a positive sign of confidence in the company's future performance.
Negatives
- The expiration of stock options could be seen as a missed opportunity for the executive.
Risks
- There are no specific risks mentioned in this document.
Industry Context
This filing is a routine disclosure of executive stock transactions, which is common in the oil and gas industry where stock-based compensation is a significant part of executive pay.
Comparison to Industry Standards
- Executive stock transactions are a standard practice across the oil and gas industry, with companies like Schlumberger and Baker Hughes also regularly reporting similar filings.
- The number of shares and options involved are typical for a CFO level executive at a company of Halliburton's size.
- The stock price at the time of the transaction is within the expected range for the company's recent trading history.
Stakeholder Impact
- The stock acquisition could be viewed positively by shareholders as it indicates management's confidence in the company.
- The expiration of stock options has no direct impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 01/04/2016 | Date of a stock option grant with an exercise price of $34.48. |
| 12/07/2016 | Date of a stock option grant with an exercise price of $53.54. |
| 12/06/2017 | Date of a stock option grant with an exercise price of $43.38. |
| 12/05/2018 | Date of a stock option grant with an exercise price of $31.44. |
| 12/31/2024 | Date for dividend reinvestment accumulation. |
| 01/02/2025 | Date of stock acquisition and stock option expiration. |
| 01/06/2025 | Date of the SEC filing. |
Keywords
Halliburton, Eric Carre, Stock Acquisition, Stock Options, Executive Compensation, SEC Form 4, Share Ownership
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