Form 4: Halliburton Director Janet L. Weiss Acquires Restricted Stock Units

Halliburton director Janet L. Weiss acquired 6,092 restricted stock units on December 5, 2024, which vest in one year.

Summary

• Janet L. Weiss, a director at Halliburton, acquired 6,092 restricted stock units on December 5, 2024.
• These restricted stock units vest one year from the award date.
• Each restricted stock unit represents the right to receive one share of Halliburton's common stock.
• The shares will be delivered to Ms. Weiss upon vesting or, if she elected to defer, following her cessation as a director.
• Ms. Weiss also has 4,826 restricted stock units from a previous award in 2023.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction of stock-based compensation for a director, which is generally viewed neutrally to slightly positive as it aligns director interests with shareholders.

Positives

• The acquisition of restricted stock units by a director can be seen as a positive sign of confidence in the company's future performance.

Future Outlook

The restricted stock units will vest one year from the award date, and shares will be delivered upon vesting or following cessation as a director if deferred.

Industry Context

This filing is a routine disclosure of stock-based compensation for a company director, which is common practice in publicly traded companies.

Comparison to Industry Standards

• Stock-based compensation is a common practice for directors in publicly traded companies like Halliburton.
• The vesting period of one year is also a standard practice.
• Other companies in the oil and gas sector, such as Schlumberger and Baker Hughes, also use restricted stock units as part of their director compensation packages.

Stakeholder Impact

• The acquisition of restricted stock units by a director can be seen as a positive sign for shareholders, indicating confidence in the company's future.

Key Dates

Keywords

Halliburton, Director, Janet L. Weiss, Restricted Stock Units, Stock Acquisition, SEC Form 4, Equity Compensation