Form 4: Halliburton Executive Eric Carre Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Halliburton's EVP and Chief Financial Officer, Eric Carre, sold 5,691 shares of common stock to cover tax obligations related to vested stock awards.
Summary
- Eric Carre, Executive Vice President and Chief Financial Officer of Halliburton, sold 5,691 shares of common stock on December 4, 2024.
- The sale was executed to cover federal tax withholding obligations arising from the vesting of restricted stock granted on December 2, 2020.
- The shares were sold at a price of $31.56 per share, which was the closing price of Halliburton's common stock on the New York Stock Exchange on December 2, 2024.
- Following the transaction, Mr. Carre directly owns 237,803.667 shares of Halliburton common stock, which includes 2,089.440 shares accumulated through dividend reinvestment as of September 30, 2024.
- Mr. Carre also holds options to buy common stock at various exercise prices and expiration dates.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation. It is a neutral event with no significant positive or negative implications for the company's performance or outlook.
Industry Context
This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when stock options or restricted stock units vest.
Comparison to Industry Standards
- Executive stock sales to cover tax obligations are a common practice across publicly traded companies, including Halliburton's competitors in the oilfield services industry such as Schlumberger and Baker Hughes.
- These transactions are typically disclosed through SEC Form 4 filings, providing transparency into executive compensation and stock ownership.
- The number of shares sold and the price are consistent with typical vesting schedules and market conditions.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.
- The sale does not affect the company's operations or financial performance.
Key Dates
| Date | Description |
|---|---|
| 12/05/2018 | Date exercisable for options to buy 50,100 shares at $31.44. |
| 12/06/2017 | Date exercisable for options to buy 34,425 shares at $43.38. |
| 12/07/2016 | Date exercisable for options to buy 30,100 shares at $53.54. |
| 01/04/2016 | Date exercisable for options to buy 9,534 shares at $34.48. |
| 01/02/2015 | Date exercisable for options to buy 24,750 shares at $39.49. |
| 12/02/2020 | Date of original stock grant related to the vested shares. |
| 09/30/2024 | Date up to which dividend reinvestment shares were accumulated. |
| 12/02/2024 | Date the stock vested and the closing price of Halliburton's common stock was $31.56. |
| 12/04/2024 | Date of the stock sale to cover tax obligations. |
| 12/06/2024 | Date of signature on the Form 4 filing. |
Keywords
Halliburton, Eric Carre, stock sale, insider trading, Form 4, executive compensation, tax obligations, stock options
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.