Form 4: Halliburton CFO Sells Shares for Tax Obligations
Insider Transaction Report
Halliburton's EVP & CFO, Eric Carre, disposed of 5,691 common shares to cover tax withholding obligations related to vested stock.
Summary
- Eric Carre, Executive Vice President & Chief Financial Officer of Halliburton Co (HAL), reported a transaction involving company common stock.
- On December 4, 2025, Carre disposed of 5,691 shares of common stock.
- The shares were transferred to Halliburton Company to satisfy Federal tax withholding obligations upon the lapse of restrictions on shares issued under the Stock and Incentive Plan.
- The stock vested on December 2, 2025, and was related to a grant made on December 2, 2020.
- The closing price of Halliburton Company's Common Stock on the New York Stock Exchange on December 2, 2025, was $26.91.
- Following this transaction, Carre beneficially owns 122,004.771 shares of common stock directly.
- This beneficial ownership includes 594.394 shares accumulated through dividend reinvestment as of September 30, 2025.
- Carre also holds various options to buy common stock with exercise prices ranging from $31.44 to $53.54 and expiration dates between December 4, 2026, and December 5, 2028.
Sentiment
Score: 5
Explanation: The filing reports a routine, tax-related insider transaction following the vesting of restricted stock. It is a standard event in executive compensation and does not inherently indicate positive or negative sentiment regarding the company's performance or prospects.
Positives
- The underlying event is the vesting of restricted stock, indicating the executive met performance or tenure requirements, which is a positive for executive compensation.
- The company's Stock and Incentive Plan allows the reporting person to satisfy tax obligations by transferring unrestricted shares to the issuer, providing a clear mechanism for tax compliance.
Negatives
- The disposition of shares, while for tax purposes, reduces the executive's direct equity stake in the company by 5,691 shares.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This Form 4 filing details a routine insider transaction related to executive compensation and tax obligations, which is common across all industries for publicly traded companies and does not provide specific industry context.
Comparison to Industry Standards
- The practice of executives disposing of shares to cover tax withholding upon the vesting of restricted stock is a standard and widely accepted mechanism in executive compensation plans across various industries, including the energy services sector where Halliburton operates.
- Many companies, similar to Halliburton, utilize stock and incentive plans that permit reporting persons to satisfy withholding tax obligations by transferring unrestricted shares to the issuer, aligning with common corporate governance practices for equity compensation.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Existing Plan Utilization | The transaction was conducted under the company's Stock and Incentive Plan, which permits the reporting person to satisfy withholding tax obligations by transferring unrestricted shares to the Issuer. | 12/04/2025 | This demonstrates the operational use of an existing corporate governance mechanism for executive compensation and tax compliance, indicating a stable and established framework. |
Related Party Transactions
- Eric Carre, an executive officer, transferred 5,691 shares of common stock to Halliburton Company (the issuer) to cover federal tax withholding obligations. This is a transaction between a related party (executive) and the company, as part of an executive compensation plan.
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, tax-related disposition of a relatively small number of shares by an executive, not indicative of a change in company fundamentals or executive confidence.
- Employees: No direct impact on the broader employee base.
- Management: The transaction reflects the normal course of executive compensation and tax compliance for Eric Carre.
Key Dates
| Date | Description |
|---|---|
| 01/04/2016 | Date exercisable for an option to buy common stock with an exercise price of $34.48 and expiration date of 01/04/2026. |
| 12/07/2016 | Date exercisable for an option to buy common stock with an exercise price of $53.54 and expiration date of 12/07/2026. |
| 12/06/2017 | Date exercisable for an option to buy common stock with an exercise price of $43.38 and expiration date of 12/06/2027. |
| 12/05/2018 | Date exercisable for an option to buy common stock with an exercise price of $31.44 and expiration date of 12/05/2028. |
| 09/30/2025 | Date as of which 594.394 shares of stock were accumulated through dividend reinvestment. |
| 12/02/2025 | Date when the stock vested, related to stock granted on December 2, 2020. The closing price on this date was $26.91. |
| 12/04/2025 | Date of transaction where shares were withheld for tax reporting. |
| 12/08/2025 | Date the Form 4 was signed and filed. |
Keywords
Halliburton, HAL, Form 4, Insider Transaction, Executive Compensation, Stock Vesting, Tax Withholding, Common Stock, Eric Carre
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