Form 4: Halliburton Director Smith Reports Acquisition of Stock Equivalent Units

Director Maurice S. Smith reports acquisition of stock equivalent units and holdings of restricted stock units in Halliburton.

Summary

• On September 27, 2024, Director Maurice S. Smith acquired 1,134.38 stock equivalent units under the Halliburton Company Directors' Deferred Compensation Plan.
• These stock equivalents are attributable to quarterly fees and are based on a closing price of $28.65 on September 27, 2024.
• Smith directly owns 6,051.803 stock equivalent units.
• Smith also directly owns 4,900.02 restricted stock units from a December 2023 award and 3,916.2 restricted stock units from a March 2023 award.
• These restricted stock units vest in one year on the first anniversary of the award.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine disclosure of stock transactions by a company director. It reflects standard compensation practices.

Positives

• The acquisition of stock equivalent units demonstrates the director's continued investment in the company.
• The director holds a significant number of restricted stock units, aligning their interests with the long-term performance of the company.

Future Outlook

The restricted stock units vest in one year on the first anniversary of the award, and shares will be delivered upon vesting or following cessation as a director if receipt is deferred.

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 management's interests with shareholders, similar to practices at companies like Schlumberger and Baker Hughes.
• Deferred compensation plans for directors are common, allowing them to defer income and potentially reduce their tax burden, a practice seen across many S&P 500 companies.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of company directors.
• The director's stock ownership aligns their interests with those of the shareholders.

Key Dates