4/A: Halliburton Executive Corrects Stock Ownership Disclosure
Amendment to Beneficial Ownership Statement
Halliburton's President of Eastern Hemisphere, Rami Yassine, filed an amended Form 4 to correct an administrative error in his direct beneficial ownership of common stock.
Summary
- An amended Form 4/A was filed by Rami Yassine, President Eastern Hemisphere of Halliburton Co. (HAL).
- The amendment corrects an administrative error in the calculation of Mr. Yassine's direct beneficial ownership of common stock.
- Mr. Yassine's direct beneficial ownership of common stock is now reported as 147,163.837 shares.
- The filing also details his beneficial ownership of various stock options, including 11,775 shares at a $24.68 strike price, 9,517 shares at a $27.30 strike price, 4,323 shares at a $49.61 strike price, and 7,829 shares at a $43.84 strike price.
Sentiment
Score: 5
Explanation: Neutral. The filing corrects an administrative error, which is a routine compliance matter and does not indicate significant positive or negative operational or financial news for the company.
Positives
- The correction of an administrative error demonstrates transparency and adherence to SEC reporting requirements.
Negatives
- An initial administrative error occurred in the calculation of the executive's direct beneficial ownership.
Risks
- The administrative error in reporting beneficial ownership, while corrected, highlights a minor compliance risk in internal reporting processes.
Future Outlook
NA
Management Comments
- The filing states that 'Due to an administrative error, Mr. Yassine's direct beneficial ownership was incorrectly calculated. This issue is now being corrected.'
Industry Context
NA
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compliance Correction | Correction of an administrative error in the calculation of direct beneficial ownership for an executive, ensuring accurate public disclosure. | 01/06/2026 | Enhances the accuracy of insider ownership records and reinforces the company's commitment to regulatory compliance and transparency. |
Stakeholder Impact
- Shareholders: Provides accurate and updated information regarding executive ownership, enhancing transparency and trust in reported data.
Key Dates
| Date | Description |
|---|---|
| 08/14/2016 | Date exercisable for options to buy 7,829 shares of Common Stock with a strike price of $43.84. |
| 01/02/2018 | Date exercisable for options to buy 4,323 shares of Common Stock with a strike price of $49.61. |
| 01/02/2019 | Date exercisable for options to buy 9,517 shares of Common Stock with a strike price of $27.30. |
| 01/02/2020 | Date exercisable for options to buy 11,775 shares of Common Stock with a strike price of $24.68. |
| 01/02/2026 | Date of earliest transaction reported in the filing. |
| 01/05/2026 | Date the original Form 4 was filed. |
| 01/06/2026 | Signature date of the amended Form 4/A. |
| 08/14/2026 | Expiration date for options to buy 7,829 shares of Common Stock with a strike price of $43.84. |
| 01/02/2028 | Expiration date for options to buy 4,323 shares of Common Stock with a strike price of $49.61. |
| 01/02/2029 | Expiration date for options to buy 9,517 shares of Common Stock with a strike price of $27.30. |
| 01/02/2030 | Expiration date for options to buy 11,775 shares of Common Stock with a strike price of $24.68. |
Recommendation
holdThe filing is an administrative correction of an executive's beneficial ownership and does not contain any new material information that would alter the fundamental investment thesis for Halliburton Co. Therefore, a 'hold' recommendation is appropriate as there's no basis for a change in investment strategy based solely on this filing.
Keywords
Halliburton, HAL, Form 4/A, Beneficial Ownership, Insider Trading, Stock Options, Rami Yassine, SEC Filing, Corporate Governance
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