Form 4: Halliburton EVP Acquires 34,968 Shares in Planned Award

Halliburton's EVP, Secretary, and CLO, Van H. Beckwith, acquired 34,968 shares of common stock on January 2, 2026, as part of a pre-arranged incentive plan.

Summary

• Van H. Beckwith, Executive Vice President, Secretary, and Chief Legal Officer of Halliburton Co. (HAL), acquired 34,968 shares of common stock.
• The transaction occurred on January 2, 2026, at a price of $29.60 per share, which was the closing price on the New York Stock Exchange on the grant date.
• The acquisition was an award pursuant to the Halliburton Company Stock and Incentive Plan, which allows for the surrender of common stock to satisfy withholding tax obligations.
• Following this transaction, Beckwith directly beneficially owns 368,496.49 shares of common stock.
• The filing also details an existing option to buy 54,348 shares of common stock at an exercise price of $23.57, which became exercisable on January 15, 2020, and expires on January 15, 2030.
• The transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 6

Explanation: Neutral to slightly positive. An executive acquiring shares (even via award) is generally seen as a positive signal of confidence, but it's a routine compensation event rather than a discretionary purchase.

Positives

• An executive acquiring shares, even through an award, can signal continued confidence in the company's future prospects.
• The stock award aligns executive incentives with shareholder interests, promoting long-term value creation.

Future Outlook

The filing does not contain explicit forward-looking statements or guidance beyond the transaction details and the existence of a Rule 10b5-1 plan, which indicates a pre-planned future transaction strategy.

Management Comments

• Shares awarded pursuant to the Halliburton Company Stock and Incentive Plan.
• Said Plan provides for the surrender of common stock to the Issuer to satisfy withholding tax obligations.
• The closing price of Halliburton Company's Common Stock on the New York Stock Exchange on the January 2, 2026 grant date was $29.60.

Industry Context

This Form 4 filing reports an executive's equity acquisition, a routine event in corporate governance and executive compensation. It reflects standard practices for aligning management incentives with shareholder value through stock awards, common across the energy services industry and broader public markets.

Comparison to Industry Standards

• The use of a Rule 10b5-1 plan for executive stock transactions is a standard practice in the industry, similar to companies like Schlumberger (SLB) or Baker Hughes (BKR), providing an affirmative defense against insider trading allegations.
• Stock and incentive plans, such as Halliburton's, are typical compensation structures for executives in large public companies, aiming to incentivize long-term performance and retention, comparable to those at peer companies in the oilfield services sector.

Corporate Governance

Related Party Transactions

• The stock award is a transaction between an executive and the company, which is a common form of related-party compensation.

Stakeholder Impact

• Shareholders: Executive stock awards align management's financial interests with shareholder value, potentially fostering long-term growth.
• Employees: The stock and incentive plan demonstrates the company's compensation structure for key personnel.

Next Steps

• Continued beneficial ownership of Halliburton Company common stock by Van H. Beckwith.
• Potential future exercise of the existing option to buy 54,348 shares of common stock before its expiration on January 15, 2030.

Key Dates

Recommendation

This Form 4 reports a routine executive stock award under a pre-existing incentive plan and a Rule 10b5-1 arrangement. While an executive acquiring shares can be seen as a positive signal of confidence, this is a compensation event rather than a discretionary open-market purchase. It does not provide new fundamental information to warrant a change in investment recommendation, thus a 'hold' stance is maintained.

Keywords

Halliburton, HAL, Insider Trading, Form 4, Stock Award, Executive Compensation, Van H. Beckwith, Common Stock, Equity Acquisition, Rule 10b5-1