Form 4: Halliburton Exec Sells Shares for Tax Obligations
Insider Transaction Report
Halliburton's President of Eastern Hemisphere, Rami Yassine, disposed of 3,687 common shares to cover tax withholding obligations related to vested stock awards.
Summary
- Rami Yassine, President Eastern Hemisphere of Halliburton Co. (HAL), reported a transaction on January 8, 2026.
- 3,687 shares of Halliburton Common Stock were disposed of.
- These shares were transferred to Halliburton Company to satisfy federal tax withholding obligations on the lapse of restrictions on shares issued under the Stock and Incentive Plan.
- The transaction was related to stock awards that vested on January 2, 2026, January 3, 2026, and January 4, 2026.
- The stock awards were originally granted between January 2021 and January 2025.
- The closing price of Halliburton Common Stock on January 2, 2026, was $29.60 per share.
- Following this transaction, Mr. Yassine directly beneficially owns 157,571.84 shares of Common Stock, a figure corrected from an amended Form 3/A filed on January 12, 2026.
- Mr. Yassine also holds various options to buy common stock, which remain unchanged by this transaction, including 11,775 options at $24.68, 9,517 options at $27.30, 4,323 options at $49.61, and 7,829 options at $43.84.
Sentiment
Score: 5
Explanation: Neutral. The transaction is a routine, non-discretionary event related to executive compensation and tax obligations, reflecting neither positive nor negative sentiment about the company's future prospects.
Positives
- The transaction indicates the vesting of previously granted stock awards, suggesting the executive is being compensated as per the company's incentive plan.
Negatives
- The executive disposed of shares, which reduces their direct equity stake, albeit for a standard tax obligation.
Future Outlook
NA
Industry Context
This Form 4 filing is a routine disclosure of an executive's stock transaction for tax purposes and does not provide information relevant to broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: A minor reduction in an executive's direct shareholding due to tax obligations, which is a common occurrence and generally has minimal impact on overall shareholder value or perception.
- Employees: The vesting of stock awards and subsequent tax withholding is a standard component of executive compensation plans, reflecting the company's commitment to its incentive programs.
Key Dates
| Date | Description |
|---|---|
| 08/14/2016 | Date exercisable for an option to buy common stock with an exercise price of $43.84, expiring 08/14/2026. |
| 01/02/2018 | Date exercisable for an option to buy common stock with an exercise price of $49.61, expiring 01/02/2028. |
| 01/02/2019 | Date exercisable for an option to buy common stock with an exercise price of $27.30, expiring 01/02/2029. |
| 01/02/2020 | Date exercisable for an option to buy common stock with an exercise price of $24.68, expiring 01/02/2030. |
| 01/04/2021 | Grant date for some of the stock awards that vested. |
| 01/03/2022 | Grant date for some of the stock awards that vested. |
| 01/03/2023 | Grant date for some of the stock awards that vested. |
| 01/02/2024 | Grant date for some of the stock awards that vested. |
| 01/02/2025 | Grant date for some of the stock awards that vested. |
| 01/02/2026 | Vesting date for some stock awards and closing price of Halliburton Common Stock was $29.60. |
| 01/03/2026 | Vesting date for some stock awards (non-market date). |
| 01/04/2026 | Vesting date for some stock awards (non-market date). |
| 01/08/2026 | Date of transaction where shares were withheld for tax reporting. |
| 01/09/2026 | Signature date of the reporting person's attorney. |
| 01/12/2026 | Date of amended Form 3/A filing, which corrected Mr. Yassine's direct beneficial ownership. |
| 08/14/2026 | Expiration date for an option to buy common stock with an exercise price of $43.84. |
| 01/02/2028 | Expiration date for an option to buy common stock with an exercise price of $49.61. |
| 01/02/2029 | Expiration date for an option to buy common stock with an exercise price of $27.30. |
| 01/02/2030 | Expiration date for an option to buy common stock with an exercise price of $24.68. |
Recommendation
holdThis Form 4 filing details a routine, non-discretionary transaction by an executive to cover tax obligations upon the vesting of stock awards. It does not provide any new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as this filing alone does not present a compelling reason to buy or sell the stock.
Keywords
Halliburton, HAL, Form 4, Insider Trading, Stock Award, Tax Withholding, Executive Compensation, Rami Yassine, Common Stock, Beneficial Ownership
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