Form 4: Halliburton Director Smith Reports Changes in Beneficial Ownership

Director Maurice S. Smith reports changes in beneficial ownership of Halliburton stock, including acquisitions of stock equivalent units and holdings of restricted stock units.

Summary

• On March 28, 2025, Director Maurice S. Smith reported changes in beneficial ownership of Halliburton Company [HAL] stock.
• The report includes the acquisition of 1,345.046 stock equivalent units under the Halliburton Company Directors' Deferred Compensation Plan.
• These stock equivalent units are settled in the company's common stock following cessation as a director.
• A portion of the stock equivalents are attributable to quarterly dividends and fees, based on closing prices of $25.70 on March 26, 2025, and $25.07 on March 28, 2025.
• The director also holds restricted stock units that vest in one year on the anniversary of the award, with shares delivered upon vesting or deferred until after cessation as a director.
• As of the report, the director directly owns 8,703.711 stock equivalent units, 6,132.3 restricted stock units (2023), 4,963.72 restricted stock units (2023), and 3,967.11 restricted stock units (2023).

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document is a standard regulatory filing detailing changes in beneficial ownership, which is a routine occurrence.

Positives

• The acquisition of stock equivalent units indicates continued participation in the company's deferred compensation plan, aligning the director's interests with shareholders.

Future Outlook

The report indicates ongoing participation in the Halliburton Company Directors' Deferred Compensation Plan and continued vesting of restricted stock units.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment or misalignment of interests between management and shareholders.

Comparison to Industry Standards

• Director compensation plans, including deferred compensation and restricted stock units, are common practices among publicly traded companies, including Halliburton's peers such as Schlumberger and Baker Hughes.
• The vesting schedules and terms of these equity awards are generally aligned with industry standards to incentivize long-term performance and retention.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding the equity holdings of a key company director.

Key Dates

Keywords

beneficial ownership, Halliburton, stock equivalent units, restricted stock units, director compensation, Form 4, insider trading