Form 4: Halliburton Director Acquires 7,485 Restricted Stock Units

Halliburton Co. Director Maurice S. Smith acquired 7,485 restricted stock units on December 5, 2025, aligning his interests with shareholders.

Summary

• Director Maurice S. Smith acquired 7,485 Restricted Stock Units (RSUs) of Halliburton Co. common stock on December 5, 2025.
• Each RSU represents the right to receive one share of the company's common stock.
• These RSUs are scheduled to vest in one year, on the first anniversary of the award date, which is December 5, 2026.
• Shares will be delivered to Mr. Smith either upon vesting or, if he elected to defer receipt, following his cessation as a director.
• Following this transaction, Mr. Smith directly beneficially owns 7,485 RSUs from this specific award.
• Mr. Smith also holds previously awarded RSUs, including 6,226.77 RSUs from December 2024, 5,040.19 RSUs from December 2023, and 4,028.23 RSUs from March 2023.
• Additionally, Mr. Smith holds 11,728.754 Stock Equivalent Units, which convert to common stock on a one-for-one basis and are settled upon cessation as a director under the company's Directors' Deferred Compensation Plan.

Sentiment

Score: 7

Explanation: The acquisition of equity awards by a director is generally viewed positively as it aligns their interests with those of shareholders, indicating confidence in the company's future. However, as a routine compensation event, it does not significantly alter the fundamental outlook.

Positives

• The acquisition of 7,485 Restricted Stock Units by a director demonstrates continued alignment of management's interests with those of shareholders.
• Equity-based compensation encourages long-term commitment and performance from the director.

Future Outlook

The newly acquired Restricted Stock Units are scheduled to vest in one year, on December 5, 2026, with shares to be delivered upon vesting or deferred until the director's cessation of service. Stock Equivalent Units will also be settled in common stock following cessation as a director.

Industry Context

The grant of Restricted Stock Units to a director is a common practice in the energy services industry, aligning executive and board member incentives with long-term company performance and shareholder value. This type of equity compensation is a standard component of director remuneration packages across publicly traded companies, including peers in the oilfield services sector.

Comparison to Industry Standards

• The use of Restricted Stock Units and deferred compensation plans for directors is a widely adopted practice across major U.S. corporations, including those in the energy sector like Schlumberger (SLB) and Baker Hughes (BKR).
• These compensation structures are designed to foster long-term commitment and align director interests with shareholder returns, consistent with global corporate governance benchmarks.

Corporate Governance

Related Party Transactions

• The grant of 7,485 Restricted Stock Units to Director Maurice S. Smith constitutes a related party transaction as it involves compensation from the company to a member of its board.
• The accrual of 11,728.754 Stock Equivalent Units under the Directors' Deferred Compensation Plan is also a related party transaction.

Stakeholder Impact

• Shareholders: Potentially positive impact due to increased alignment of director's interests with long-term company performance and shareholder value.

Next Steps

• Vesting of the 7,485 Restricted Stock Units on December 5, 2026.
• Potential delivery of shares upon vesting or deferral until cessation as a director.
• Settlement of Stock Equivalent Units in common stock following cessation as a director.

Key Dates

Recommendation

The Form 4 reports a routine equity award to a director, which is a standard compensation practice. While it indicates alignment of interests, it does not provide new fundamental information to warrant a change in investment recommendation based solely on this filing.

Keywords

Halliburton, HAL, Restricted Stock Units, RSU, Insider Transaction, Form 4, Director Compensation, Equity Award, Maurice S. Smith