Form 4: Halliburton Executive Charles Geer Jr. Reports Stock Transaction for Tax Obligations

Halliburton's SVP & Chief Accounting Officer, Charles Geer Jr., reports a transaction involving the transfer of common stock to cover federal tax withholding obligations.

Summary

• Charles Geer Jr., SVP & Chief Accounting Officer of Halliburton, filed a Form 4 on March 7, 2025, reporting a transaction.
• On March 6, 2025, Geer transferred 3,379 shares of common stock back to Halliburton at a price of $25.01 per share.
• This transfer was to cover federal tax withholding obligations related to the lapse of restrictions on shares issued under the company's Stock and Incentive Plan.
• Following the transaction, Geer directly owns 110,416.088 shares of Halliburton common stock.
• Geer also holds options to buy common stock at various prices and expiration dates.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, and the transaction is related to routine tax obligations. Therefore, the sentiment is neutral.

Industry Context

This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It doesn't necessarily indicate a broader trend in the oilfield services industry.

Comparison to Industry Standards

• Executive compensation practices, including stock options and restricted stock units, are standard across the oilfield services industry.
• Companies like Schlumberger and Baker Hughes also utilize similar stock-based compensation plans for their executives.
• The specific terms and conditions of these plans can vary, but the underlying principle of aligning executive incentives with shareholder value is consistent.

Key Dates