Form 4: Halliburton EVP Eric Carre Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Halliburton's EVP & Chief Financial Officer, Eric Carre, disposed of 66,423 shares to cover federal tax withholding obligations.
Summary
- On March 1, 2024, Eric Carre, EVP & Chief Financial Officer of Halliburton, disposed of 66,423 shares of common stock to cover federal tax withholding obligations.
- The transaction was executed at a price of $34.96 per share.
- Following the transaction, Carre directly owns 241,405.227 shares of Halliburton common stock.
- Carre also holds options to buy common stock at various prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to executive stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies like Halliburton.
Comparison to Industry Standards
- Executive compensation practices, including stock options and restricted stock units, are standard across the oilfield services industry.
- Companies like Schlumberger and Baker Hughes also utilize similar equity-based compensation plans for their executives.
- The specific terms and amounts of equity grants vary based on company performance, individual contributions, and market benchmarks.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a routine executive stock disposal for tax purposes.
- The filing provides transparency regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Expiration date for options to buy 24,750 shares at $39.49 |
| 01/04/2026 | Expiration date for options to buy 9,534 shares at $34.48 |
| 12/07/2026 | Expiration date for options to buy 30,100 shares at $53.54 |
| 12/06/2027 | Expiration date for options to buy 34,425 shares at $43.38 |
| 12/05/2028 | Expiration date for options to buy 50,100 shares at $31.44 |
| 02/27/2024 | Performance Unit shares were issued; closing price of Halliburton's Common Stock was $34.96. |
| 03/01/2024 | Date of stock disposal for tax obligations. |
| 03/05/2024 | Date of report filing. |
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