Form 4: Halliburton Executive Charles Geer Jr. Reports Stock Transactions for Tax Obligations
SEC Form 4 Filing
Halliburton's SVP & Chief Accounting Officer, Charles Geer Jr., transferred shares to cover tax obligations related to vested stock awards.
Summary
- Charles Geer Jr., SVP & Chief Accounting Officer at Halliburton, reported the transfer of company stock to cover federal tax withholding obligations.
- The transactions involved the transfer of 214 shares at $27.68 per share related to stock granted on January 3, 2023, and 368 shares at $27.68 per share related to stock granted on January 3, 2022.
- These transfers occurred on January 7, 2025, following the vesting of the stock on January 3, 2025.
- The closing price of Halliburton's common stock on the New York Stock Exchange on January 3, 2025, was $27.68.
- Following these transactions, Mr. Geer beneficially owns 100,287.088 shares and 99,919.088 shares of common stock.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, indicating no significant positive or negative sentiment. It reflects standard executive compensation practices.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It reflects the standard process of executives managing their stock-based compensation and tax obligations.
Comparison to Industry Standards
- Form 4 filings are a standard requirement for corporate insiders in the US, and Halliburton's filing is consistent with these regulations.
- The practice of using stock to cover tax obligations is a common method of managing executive compensation in many publicly traded companies, including competitors like Schlumberger and Baker Hughes.
- The stock prices and vesting schedules are typical for executive compensation packages in the oil and gas services industry.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the transfer of shares for tax obligations, not a sale on the open market.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/02/2015 | Date of option to buy common stock with an exercise price of $38.95, expiring on 12/02/2025. |
| 12/07/2016 | Date of option to buy common stock with an exercise price of $53.54, expiring on 12/07/2026. |
| 12/06/2017 | Date of option to buy common stock with an exercise price of $43.38, expiring on 12/06/2027. |
| 12/05/2018 | Date of option to buy common stock with an exercise price of $31.44, expiring on 12/05/2028. |
| 01/03/2022 | Date of stock grant related to the transfer of 368 shares on 01/07/2025. |
| 01/03/2023 | Date of stock grant related to the transfer of 214 shares on 01/07/2025. |
| 01/03/2025 | Date of stock vesting and closing price of $27.68 per share. |
| 01/07/2025 | Date of stock transfers for tax obligations. |
| 01/10/2025 | Date of signature on the Form 4 filing. |
Keywords
Halliburton, stock transaction, insider trading, Form 4, tax withholding, executive compensation, Charles Geer Jr.
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.