Form 4: Halliburton EVP Sells Shares After Vesting

Halliburton's Executive Vice President, Secretary, and Chief Legal Officer, Van H. Beckwith, reported the sale of common stock following the vesting of restricted shares and pursuant to a pre-arranged trading plan.

Summary

• Van H. Beckwith, Executive Vice President, Secretary, and Chief Legal Officer of Halliburton Co. (HAL), reported transactions involving common stock.
• On December 4, 2025, 5,746 shares were disposed of at $26.91 per share to cover federal tax withholding obligations related to the vesting of restricted stock.
• The restricted stock vested on December 2, 2025, originating from a grant on December 2, 2020.
• On December 5, 2025, an additional 8,854 shares were sold at $27.89 per share.
• This sale was executed under a Rule 10b5-1 trading plan established by Mr. Beckwith on August 13, 2025.
• Following these transactions, Mr. Beckwith directly beneficially owns 333,528.49 shares of Halliburton Common Stock.
• Mr. Beckwith also holds an option to buy 54,348 shares of Common Stock at an exercise price of $23.57, exercisable from January 15, 2020, until January 15, 2030.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation and a pre-arranged trading plan. It is neutral in its implications for the company's operational or financial performance.

Positives

• The disposition of shares for tax withholding is a standard practice for executive compensation upon equity vesting.
• A portion of the sales was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned and non-opportunistic transaction.

Negatives

• An executive selling shares, even for routine purposes, can sometimes be perceived negatively by some investors, though the context here mitigates significant concern.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This insider transaction is a routine disclosure of executive stock activity and does not inherently reflect broader industry trends or competitive positioning. It is a standard event related to executive compensation and personal financial planning.

Comparison to Industry Standards

• NA. This filing reports individual executive stock transactions, which are not typically compared to global industry benchmarks or specific comparable companies/projects in the same way operational or financial results would be.

Related Party Transactions

• Transfer of 5,746 shares to Halliburton Company for payment of Federal tax withholding obligations on vested restricted stock, as permitted by the Stock and Incentive Plan.

Stakeholder Impact

• Shareholders: The sale of shares by an executive could be viewed as a minor negative, but the context of tax withholding and a 10b5-1 plan mitigates concerns about management confidence. The overall impact is likely minimal given the routine nature.
• Employees: No direct impact.
• Customers/Suppliers/Creditors: No direct impact.

Next Steps

• This filing does not mention any specific future actions, events, or milestones for the company or the reporting person beyond the execution of the existing Rule 10b5-1 plan.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions by an executive, including sales for tax obligations on vested equity and sales under a pre-arranged 10b5-1 plan. Such transactions are common and generally do not indicate a change in the company's fundamental outlook or warrant a shift in investment recommendation. The sales are expected and planned, not opportunistic, thus maintaining a 'hold' recommendation based solely on this filing.

Keywords

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