Form 4: Halliburton Executive Charles Geer Jr. Reports Changes in Beneficial Ownership

Charles Geer Jr., SVP & Chief Accounting Officer of Halliburton, reports the disposition of 11,655 common stock shares to cover federal tax withholding obligations.

Summary

• On March 1, 2024, Charles Geer Jr., SVP & Chief Accounting Officer of Halliburton, reported a transaction involving the disposition of 11,655 shares of common stock.
• The shares were transferred to Halliburton to cover federal tax withholding obligations related to the lapse of restrictions on shares issued under the company's Stock and Incentive Plan.
• The transaction price was $34.96 per share, based on the closing price of Halliburton's common stock on February 27, 2024.
• Following the transaction, Geer directly owns 99,699.822 shares of Halliburton common stock.
• Geer also holds options to buy common stock at various prices and expiration dates.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is a common occurrence for publicly traded companies like Halliburton. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for executives at publicly traded companies like Halliburton, Schlumberger, Baker Hughes, and Weatherford International.
• These filings are required by the SEC to ensure transparency and prevent insider trading, aligning with regulatory standards across the industry.
• The details disclosed, such as the number of shares traded and the transaction price, are consistent with the level of information expected in such filings for comparable companies.

Key Dates