Form 4: Halliburton Director, President & CEO Acquires 130,323 Shares of Common Stock
SEC Form 4 Filing
Halliburton's Director, President & CEO, Jeffrey Allen Miller, acquired 130,323 shares of common stock at a price of $27.73 per share on January 2, 2025.
Summary
- Jeffrey Allen Miller, Director, President & CEO of Halliburton, acquired 130,323 shares of common stock on January 2, 2025.
- The shares were awarded under the Halliburton Company Stock and Incentive Plan.
- The acquisition price was $27.73 per share, which was the closing price on the New York Stock Exchange on the grant date.
- Following the transaction, Mr. Miller directly owns 855,926.469 shares of Halliburton common stock.
- Mr. Miller also holds options to buy common stock at various prices and expiration dates.
Sentiment
Score: 7
Explanation: The document reflects a routine insider transaction, which is generally viewed neutrally to slightly positive as it indicates management's confidence in the company. There are no negative implications.
Positives
- The acquisition of shares by the CEO could be seen as a positive sign of confidence in the company's future performance.
- The stock award aligns the CEO's interests with those of the shareholders.
Industry Context
This filing is a routine disclosure of insider transactions, which is common in the oil and gas services industry where Halliburton operates. It provides transparency into the holdings of key executives.
Comparison to Industry Standards
- Executive stock ownership is a common practice across the oil and gas industry, with companies like Schlumberger and Baker Hughes also having similar stock-based compensation plans.
- The number of shares acquired and the price are within the typical range for executive compensation in this sector.
- The use of stock options is also a standard practice for aligning executive interests with shareholder value.
Stakeholder Impact
- The stock acquisition could positively impact shareholder confidence.
- The transaction has no direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/02/2015 | Date of option to buy common stock at $38.95, expiring 12/02/2025 |
| 12/07/2016 | Date of option to buy common stock at $53.54, expiring 12/07/2026 |
| 12/06/2017 | Date of option to buy common stock at $43.38, expiring 12/06/2027 |
| 12/05/2018 | Date of option to buy common stock at $31.44, expiring 12/05/2028 |
| 01/02/2025 | Date of common stock acquisition by Jeffrey Allen Miller |
| 01/06/2025 | Date of signature on the SEC Form 4 |
Keywords
Halliburton, insider trading, stock acquisition, Jeffrey Allen Miller, common stock, stock options, executive compensation
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