Form 4: Halliburton CFO Eric Carre Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Halliburton's EVP and Chief Financial Officer, Eric Carre, sold 1,460 shares of common stock to cover tax obligations related to vested stock awards.
Summary
- Eric Carre, the EVP & Chief Financial Officer of Halliburton, sold 1,460 shares of common stock on January 6, 2025.
- The sale was executed at a price of $27.73 per share.
- This transaction was to cover federal tax withholding obligations related to the vesting of restricted stock units.
- The shares were part of a stock and incentive plan that allows the reporting person to satisfy tax obligations by transferring unrestricted shares to the issuer.
- Following the transaction, Mr. Carre directly owns 271,322.377 shares of Halliburton common stock.
- Mr. Carre also holds options to buy common stock at various prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a routine filing related to an executive's stock sale for tax purposes, which is neither positive nor negative for the company's overall performance.
Industry Context
This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when stock options or restricted stock units vest.
Comparison to Industry Standards
- Executive stock sales for tax purposes are a common practice across the industry.
- Many companies in the oilfield services sector, such as Schlumberger and Baker Hughes, have similar stock-based compensation plans for their executives.
- The timing and volume of these sales are often dictated by vesting schedules and tax planning strategies, which are typical for executive compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 12/07/2016 | Date of grant for options to buy 30,100 shares at $53.54 expiring on 12/07/2026 |
| 01/04/2016 | Date of grant for options to buy 9,534 shares at $34.48 expiring on 01/04/2026 |
| 12/06/2017 | Date of grant for options to buy 34,425 shares at $43.38 expiring on 12/06/2027 |
| 12/05/2018 | Date of grant for options to buy 50,100 shares at $31.44 expiring on 12/05/2028 |
| 01/02/2024 | Date of grant for the stock that vested on January 2, 2025 |
| 01/02/2025 | Date the stock vested, with a closing price of $27.73 on the New York Stock Exchange |
| 01/06/2025 | Date of the stock sale to cover tax obligations |
| 01/08/2025 | Date of the Form 4 filing |
Keywords
Halliburton, Eric Carre, stock sale, insider trading, Form 4, tax obligations, executive compensation, stock options
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