Form 4: Halliburton EVP Acquires 168,800 Shares of Common Stock
SEC Form 4 Filing
Halliburton's Executive Vice President and Chief Financial Officer, Eric Carre, acquired 168,800 shares of common stock on February 27, 2024, at a price of $34.96 per share.
Summary
- On February 27, 2024, Eric Carre, EVP & Chief Financial Officer of Halliburton, acquired 168,800 shares of common stock.
- The acquisition was made at a price of $34.96 per share.
- These shares were issued upon achievement of performance criteria and vesting of performance share units granted on January 4, 2021, under the Halliburton Company Performance Unit Program.
- Following the transaction, Carre directly owns 307,828.227 shares of Halliburton common stock.
- Carre also holds options to buy common stock at various prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by an executive is generally viewed as a positive sign, but the transaction itself is part of a pre-existing compensation plan.
Positives
- The acquisition of shares by a high-ranking executive could be seen as a positive signal about the executive's confidence in the company's future performance.
Industry Context
Executive stock acquisitions are common in publicly traded companies and are often viewed as a sign of management's confidence in the company's prospects. The size of the acquisition and the executive's position within the company can influence the market's perception of the transaction.
Comparison to Industry Standards
- Executive compensation packages in the oilfield services industry, which includes Halliburton, often include stock options and performance-based share units to align management's interests with those of shareholders.
- Comparing the size of this acquisition to similar transactions by executives at companies like Schlumberger or Baker Hughes would provide further context.
- Industry benchmarks for executive stock ownership as a percentage of total outstanding shares could also be used for comparison.
Stakeholder Impact
- The acquisition could have a slightly positive impact on shareholder sentiment.
- The vesting of performance share units is part of the executive's compensation package and impacts the executive.
Key Dates
| Date | Description |
|---|---|
| 2015-01-02 | Date of option to buy common stock, expiring 01/02/2025 |
| 2016-01-04 | Date of option to buy common stock, expiring 01/04/2026 |
| 2016-12-07 | Date of option to buy common stock, expiring 12/07/2026 |
| 2017-12-06 | Date of option to buy common stock, expiring 12/06/2027 |
| 2018-12-05 | Date of option to buy common stock, expiring 12/05/2028 |
| 2021-01-04 | Grant date of performance share units that vested on 02/27/2024 |
| 2024-02-27 | Date of common stock acquisition (168,800 shares) at $34.96 per share |
| 2024-02-29 | Date of signature on the Form 4 filing |
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