Form 4: Halliburton Executive Gains 41,156 Shares in Equity Award

Halliburton's President of Western Hemisphere, Mark Richard, acquired 41,156 shares of common stock through an equity award, increasing his beneficial ownership.

Summary

• Mark Richard, President Western Hemisphere of Halliburton Co., acquired 41,156 shares of the company's Common Stock.
• The transaction occurred on January 2, 2026, with the shares valued at $29.60 each, which was the closing price on the grant date.
• These shares were awarded pursuant to the Halliburton Company Stock and Incentive Plan.
• Following this acquisition, Richard's total beneficial ownership stands at 488,160.517 shares of Common Stock.
• This total includes 2,013.910 shares accumulated through dividend reinvestment as of December 31, 2025.
• An option to buy 28,604 shares of Common Stock at an exercise price of $34.48 expired unexercised on January 4, 2026.
• Richard continues to hold other stock options, including 43,924 shares with an exercise price of $27.14, 24,019 shares at $49.61, and 17,119 shares at $55.68.

Sentiment

Score: 6

Explanation: The filing indicates a routine executive equity award, which is generally positive as it aligns management interests with shareholders. However, the expiration of an out-of-the-money option suggests the stock price was below a certain threshold, which is a minor negative.

Positives

• The acquisition of 41,156 shares through an equity award aligns the executive's financial interests with those of the shareholders, promoting long-term value creation.
• The increase in beneficial ownership demonstrates the executive's continued commitment and confidence in the company's future performance.

Negatives

• An option to buy 28,604 shares at an exercise price of $34.48 expired unexercised, indicating that the stock price was likely below this threshold at expiration, representing a missed opportunity for the executive to realize value from those options.

Future Outlook

This Form 4 filing primarily details an executive's beneficial ownership changes and does not contain specific forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This insider transaction reflects a standard executive compensation practice within the oilfield services industry, where equity awards are commonly used to incentivize and retain key management personnel. It does not provide direct insights into broader industry trends or competitive dynamics, but rather focuses on individual executive holdings.

Corporate Governance

Related Party Transactions

• Acquisition of 41,156 shares of Common Stock by Mark Richard, an officer of Halliburton Company, pursuant to the Halliburton Company Stock and Incentive Plan, which is a standard form of executive compensation.

Stakeholder Impact

• Shareholders: The equity award to a key executive reinforces alignment between management's financial incentives and shareholder value creation.
• Employees: This transaction reflects standard executive compensation practices within the company.

Next Steps

• Mark Richard will continue to be required to file Forms 3, 4, and 5 with respect to his holdings and transactions in Halliburton Company securities, as per the Power of Attorney.

Key Dates

Recommendation

This Form 4 reports a routine equity award to a key executive, which is a standard compensation practice and generally viewed as a positive for aligning management incentives with shareholder interests. The expiration of an out-of-the-money option is a minor detail. The transaction itself does not provide new fundamental information to warrant a change in investment recommendation, thus a 'hold' stance is maintained.

Keywords

Halliburton, HAL, SEC Form 4, Insider Trading, Stock Award, Equity Compensation, Beneficial Ownership, Executive Compensation, Mark Richard, Oilfield Services