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

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

Summary

• On March 28, 2024, Director Maurice S. Smith reported the acquisition of 836.982 stock equivalent units under the Halliburton Company Directors' Deferred Compensation Plan.
• These units convert to common stock on a one-for-one basis and are 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.
• Smith also holds 3,950.449 stock equivalent units, 4,847.13 restricted stock units from March 2023, and 3,873.92 restricted stock units from March 2023.
• The restricted stock units vest in one year on the first anniversary of the award and include dividend equivalent units through March 31, 2024.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Positives

• The acquisition of stock equivalent units by a director may signal confidence in the company's future performance.

Future Outlook

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

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings of company directors.

Comparison to Industry Standards

• Director compensation plans, including deferred compensation and restricted stock units, are standard practice among large publicly traded companies like Halliburton.
• Companies such as Schlumberger (SLB) and Baker Hughes (BKR) also utilize similar compensation structures to align director interests with shareholder value.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding director compensation and ownership.

Key Dates