Form 4: Halliburton Director Milton Carroll Reports Acquisition of Stock Equivalent Units

Director Milton Carroll reports acquisition of stock equivalent units under Halliburton's Directors' Deferred Compensation Plan.

Summary

• On March 28, 2024, Milton Carroll, a director of Halliburton Co, reported the acquisition of 899.242 stock equivalent units under the Halliburton Company Directors' Deferred Compensation Plan.
• These units convert to common stock on a one-for-one basis and were accrued under the plan, to be settled in common stock following cessation as a director.
• The stock equivalents are attributable to quarterly fees and are based on the closing price on March 27, 2024, of $38.83.
• Carroll also reported beneficial ownership of 20,271 shares of common stock.
• Additionally, Carroll holds various restricted stock units (RSUs) vesting at different dates from 2012 to 2023, representing rights to receive common stock, with dividend equivalent units included through March 31, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and insider alignment with company performance. There are no indications of negative events or concerns.

Positives

• The acquisition of stock equivalent units demonstrates the director's continued investment in the company.
• The deferred compensation plan aligns the director's interests with the long-term performance of Halliburton.

Future Outlook

The report does not contain specific forward-looking statements, but it indicates ongoing participation in the Directors' Deferred Compensation Plan.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Director compensation packages often include stock and stock-based awards to align director interests with shareholder value.
• Deferred compensation plans are common among large corporations, allowing directors to defer income and potentially reduce tax liabilities.
• The vesting schedules of restricted stock units are typical, often vesting over several years to incentivize long-term commitment.

Related Party Transactions

• The acquisition of stock equivalent units under the Directors' Deferred Compensation Plan constitutes a related party transaction.

Stakeholder Impact

• The report provides transparency to shareholders regarding director compensation and ownership.
• The director's participation in the deferred compensation plan aligns their interests with those of shareholders.

Key Dates