Form 4: Halliburton COO Slocum Sells Shares for Tax

Halliburton's EVP and COO, Jeffrey Shannon Slocum, disposed of 3,404 common shares to cover federal tax withholding obligations related to a stock plan.

Summary

• Jeffrey Shannon Slocum, EVP and COO of Halliburton Co. (HAL), disposed of 3,404 shares of common stock.
• The transaction occurred on March 5, 2026, at a price of $36.00 per share, which was the closing price on February 27, 2026.
• These shares were transferred to Halliburton Company to satisfy federal tax withholding obligations arising from the lapse of restrictions on shares issued under the Stock and Incentive Plan.
• Following this transaction, Slocum beneficially owns 192,863.952 shares of common stock directly.
• Slocum also holds derivative securities, including options to buy 12,090 common shares at $49.61 (exercisable from 01/02/2018, expiring 01/02/2028) and 3,722 common shares at $55.68 (exercisable from 01/03/2017, expiring 01/03/2027).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. It is a routine, administrative transaction related to executive compensation and tax obligations, carrying no significant positive or negative implications for the company's operational or financial performance.

Positives

• The underlying Stock and Incentive Plan provides equity incentives to key management, aligning their interests with shareholders.
• The transaction demonstrates the executive's participation in the company's long-term incentive programs.

Negatives

• No direct negative implications for the company or its stock price from this routine tax-related transaction.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax withholding on vested equity, are common occurrences across all industries, especially for executives participating in long-term incentive plans. This specific transaction for Halliburton's COO is a routine event within the oilfield services sector, reflecting standard executive compensation practices rather than a strategic shift or market signal.

Comparison to Industry Standards

• This type of transaction, where shares are withheld or sold to cover tax obligations upon the vesting of equity awards, is a standard practice for executive compensation across publicly traded companies globally.
• For instance, executives at Schlumberger (SLB) or Baker Hughes (BKR), Halliburton's direct competitors, frequently report similar Form 4 transactions when their restricted stock units or performance shares vest.
• The specific number of shares and value are proportional to the executive's overall compensation package and the company's stock performance, aligning with typical industry benchmarks for executive equity incentives.

Related Party Transactions

• This filing details an insider transaction where an executive disposes of shares to the company for tax withholding, which is a common and pre-defined arrangement under the company's stock plan.

Stakeholder Impact

• Shareholders: Minimal direct impact as it's a routine tax-related transaction by an insider, not indicative of a change in company fundamentals or executive sentiment.
• Employees: No direct impact on general employees.
• Customers/Suppliers/Creditors: No direct impact.

Key Dates

Keywords

Halliburton, HAL, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Executive Compensation, Jeffrey Shannon Slocum, Common Stock, Equity Plan