Form 4: Halliburton CFO Eric Carre Reports Stock Transactions for Tax Obligations
SEC Form 4 Filing
Halliburton's CFO, Eric Carre, transferred shares to the company to cover tax obligations related to vested stock awards.
Summary
- Eric Carre, the EVP & Chief Financial Officer of Halliburton, reported transactions involving the company's common stock.
- On January 7, 2025, Mr. Carre transferred 1,182 shares and 1,833 shares back to Halliburton to cover federal tax withholding obligations.
- These shares were related to stock awards that vested on January 3, 2025, from grants made on January 3, 2023 and January 3, 2022 respectively.
- The price of Halliburton's common stock on January 3, 2025, was $27.68 per share.
- Following these transactions, Mr. Carre directly owns 268,307.377 shares of Halliburton common stock.
- Mr. Carre also holds options to buy common stock at various prices and expiration dates.
Sentiment
Score: 7
Explanation: The document is a routine SEC filing related to executive compensation, which is neither positive nor negative. The sentiment is neutral to slightly positive as it reflects standard business practices.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies.
Comparison to Industry Standards
- Stock-based compensation and tax withholding practices are standard across the oil and gas industry, with companies like Schlumberger and Baker Hughes also utilizing similar methods.
- The vesting schedules and option grants are typical for executive compensation packages in large corporations.
- The share price of $27.68 is a snapshot in time and would need to be compared to the broader market and industry performance to assess its relative value.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they are related to executive compensation and do not represent a significant change in the company's financial position.
- The transactions are part of the standard compensation package for the executive.
Key Dates
| Date | Description |
|---|---|
| 12/07/2016 | Date of stock option grant with an exercise price of $53.54 and expiration date of 12/07/2026. |
| 01/04/2016 | Date of stock option grant with an exercise price of $34.48 and expiration date of 01/04/2026. |
| 12/06/2017 | Date of stock option grant with an exercise price of $43.38 and expiration date of 12/06/2027. |
| 12/05/2018 | Date of stock option grant with an exercise price of $31.44 and expiration date of 12/05/2028. |
| 01/03/2022 | Date of stock grant related to the 1,833 shares transferred on 01/07/2025. |
| 01/03/2023 | Date of stock grant related to the 1,182 shares transferred on 01/07/2025. |
| 01/03/2025 | Date the stock vested and the closing price of Halliburton's common stock was $27.68. |
| 01/07/2025 | Date of the stock transfers to cover tax obligations. |
| 01/10/2025 | Date the SEC Form 4 was signed. |
Keywords
Halliburton, Eric Carre, Stock Transactions, Tax Withholding, SEC Form 4, Executive Compensation, Stock Options
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