Form 4: Halliburton Executive Acquires Shares Following Performance Unit Vesting
SEC Form 4 Filing
Van H. Beckwith, EVP, Secretary and CLO of Halliburton, acquired 84,385 shares of common stock on March 3, 2025, following the vesting of performance share units.
Summary
- On March 3, 2025, Van H. Beckwith, an executive at Halliburton, acquired 84,385 shares of Halliburton common stock.
- 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, Beckwith directly owns 381,334.49 shares of Halliburton common stock.
- Beckwith also owns options to buy 54,348 shares of Halliburton common stock at an exercise price of $23.57, which were granted on January 15, 2020, and expire on January 15, 2030.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a routine transaction related to executive compensation. The vesting of performance share units suggests the company met certain performance goals, which is mildly positive.
Positives
- The vesting of performance share units suggests that Halliburton achieved certain performance criteria, which is a positive indicator.
- The executive's increased ownership stake aligns their interests with those of other shareholders.
Industry Context
Executive compensation through stock and options is a common practice in the oil and gas industry to align management's interests with shareholder value.
Comparison to Industry Standards
- Halliburton's executive compensation practices, including the use of performance share units, are generally in line with those of its peers, such as Schlumberger and Baker Hughes.
- These companies often use a mix of salary, bonus, stock options, and restricted stock units to incentivize and retain key executives.
- The specific terms and conditions of these compensation packages can vary depending on company performance and individual contributions.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns executive interests with company performance.
Key Dates
| Date | Description |
|---|---|
| 01/15/2020 | Grant date of options to buy common stock. |
| 01/03/2022 | Grant date of performance share units. |
| 03/03/2025 | Date of transaction: Shares of common stock issued upon vesting of performance share units. |
| 03/05/2025 | Date of Form 4 filing. |
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