Form 4: Halliburton Executive Charles Geer Jr. Reports Stock Transaction for Tax Obligations
SEC Form 4 Filing
Halliburton's SVP & Chief Accounting Officer, Charles Geer Jr., transferred 227 shares of common stock to cover tax obligations related to vested stock awards.
Summary
- Charles Geer Jr., a Senior Vice President and Chief Accounting Officer at Halliburton, reported a transaction involving the company's common stock.
- On January 6, 2025, Mr. Geer transferred 227 shares of Halliburton common stock back to the company.
- This transfer was made to cover federal tax withholding obligations arising from the vesting of restricted stock units.
- The stock vested on January 2, 2025, and the closing price of Halliburton's common stock on that day was $27.73 per share.
- Following this transaction, Mr. Geer directly owns 100,501.088 shares of Halliburton common stock.
- Mr. Geer also holds options to buy common stock at various prices and expiration dates.
Sentiment
Score: 7
Explanation: The document is a routine SEC filing related to executive stock transactions, which is neither positive nor negative. It is a neutral event from an investment perspective.
Industry Context
This is a routine filing related to executive compensation and is common practice for publicly traded companies. It reflects the standard process of executives managing their stock-based compensation and tax obligations.
Comparison to Industry Standards
- The use of stock-based compensation and subsequent tax withholding transactions are standard practices across the oil and gas industry, and are common among companies like Schlumberger and Baker Hughes.
- The vesting schedules and option prices are typical for executive compensation packages in the sector.
- The reporting of these transactions via SEC Form 4 is a mandatory compliance requirement for all publicly traded companies in the United States.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine part of executive compensation.
- The transaction does not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/02/2015 | Grant date for stock options exercisable until 12/02/2025 at $38.95. |
| 12/07/2016 | Grant date for stock options exercisable until 12/07/2026 at $53.54. |
| 12/06/2017 | Grant date for stock options exercisable until 12/06/2027 at $43.38. |
| 12/05/2018 | Grant date for stock options exercisable until 12/05/2028 at $31.44. |
| 01/02/2024 | Date of original stock grant related to the vesting on 01/02/2025. |
| 01/02/2025 | Date the stock vested, with a closing price of $27.73. |
| 01/06/2025 | Date of the stock transfer for tax obligations. |
| 01/08/2025 | Date the Form 4 was signed. |
Keywords
Halliburton, stock transaction, insider trading, Form 4, executive compensation, tax withholding, stock options, Charles Geer Jr.
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