Form 4: Halliburton EVP Carre Acquires Shares Following Performance Unit Vesting
SEC Form 4 Filing
Halliburton's Executive Vice President and Chief Financial Officer, Eric Carre, acquired 84,385 shares of common stock on March 3, 2025, following the vesting of performance share units.
Summary
- Eric Carre, EVP & Chief Financial Officer of Halliburton, acquired 84,385 shares of common stock on March 3, 2025.
- The acquisition was a result of the vesting of performance share units granted on January 3, 2022, under the Halliburton Company Performance Unit Program.
- The price of the acquired shares was $25.01 per share.
- Following the transaction, Carre directly owns 211,486.377 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. It's a routine disclosure of an executive's stock acquisition due to vesting. It doesn't inherently indicate positive or negative sentiment, but rather a standard process.
Positives
- The acquisition of shares by a high-ranking executive could be interpreted as a sign of confidence in the company's future performance.
Future Outlook
NA
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the holdings of key executives.
Comparison to Industry Standards
- Executive compensation practices, including the use of performance share units and stock options, are common across the oil and gas industry.
- Companies like Schlumberger and Baker Hughes also utilize similar equity-based compensation plans to align executive interests with shareholder value.
- The vesting schedules and performance criteria associated with these units are typically benchmarked against industry peers to ensure competitiveness and effectiveness.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 12/07/2016 | Date of option grant for 30,100 shares at $53.54 expiring on 12/07/2026 |
| 12/06/2017 | Date of option grant for 34,425 shares at $43.38 expiring on 12/06/2027 |
| 12/05/2018 | Date of option grant for 50,100 shares at $31.44 expiring on 12/05/2028 |
| 01/04/2016 | Date of option grant for 9,534 shares at $34.48 expiring on 01/04/2026 |
| 01/03/2022 | Date of grant for performance share units under the Halliburton Company Performance Unit Program. |
| 03/03/2025 | Date of transaction: Eric Carre acquired 84,385 shares of common stock at $25.01 per share due to vesting of performance share units. |
| 03/05/2025 | Date of signature on the Form 4 filing. |
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