Form 4: Halliburton Director Albrecht Receives RSU Award

Halliburton Director William E. Albrecht reported the acquisition of 7,485 restricted stock units and updated his beneficial ownership of common stock and other RSUs.

Summary

• Director William E. Albrecht reported beneficial ownership of 16,000 shares of Halliburton Co. common stock.
• Albrecht acquired 7,485 restricted stock units (RSUs) on December 5, 2025.
• These newly acquired RSUs vest in one year on the first anniversary of the award date.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.
• Albrecht also holds various other tranches of restricted stock units from previous awards, totaling approximately 63,192.958 shares.
• Each restricted stock unit represents a right to receive one share of the Company's common stock.
• Shares from RSUs are delivered upon vesting or, if deferred, following cessation as a director.
• Existing RSU holdings include dividend equivalent units through September 30, 2025.

Sentiment

Score: 7

Explanation: The filing reports a routine equity award to a director, which is a positive for aligning interests but does not indicate significant new operational or financial news. The transaction being under a 10b5-1 plan suggests it's a pre-planned compensation event rather than a discretionary insider purchase/sale.

Positives

• Director Albrecht received an award of 7,485 restricted stock units, aligning his interests with shareholders.
• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-scheduled, non-discretionary transaction.

Negatives

• No direct negatives are apparent from this Form 4 filing, which primarily reports an equity award.

Risks

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

Future Outlook

NA

Industry Context

This filing reflects standard executive compensation practices in the oilfield services industry, where equity awards like RSUs are common to incentivize long-term performance and align management interests with shareholders.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a component of director compensation is a common practice across the energy and broader corporate sectors, similar to companies like Schlumberger (SLB) or Baker Hughes (BKR).
• The vesting schedule, with a one-year cliff for the new award and multi-year installments for older awards, is typical for aligning long-term interests.
• The inclusion of dividend equivalent units is also a standard feature of RSU plans in many publicly traded companies.

Corporate Governance

Stakeholder Impact

• Shareholders: The award of RSUs to a director aligns management's long-term interests with those of shareholders, potentially fostering better governance and performance.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• The 7,485 Restricted Stock Units are scheduled to vest on the first anniversary of the award date (December 5, 2026).
• Shares will be delivered to the reporting person upon vesting or, if deferred, following cessation as a director.

Key Dates

Recommendation

This Form 4 filing reports a routine equity award to a director under a pre-arranged plan. While it indicates continued alignment of director interests with shareholders, it does not provide new material information about the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. It's a standard compensation event.

Keywords

Halliburton, HAL, SEC Form 4, Insider Trading, Restricted Stock Units, RSU, Director Compensation, Equity Award, Beneficial Ownership, William E. Albrecht, Rule 10b5-1