Form 4: Halliburton Executive Jeffrey Slocum Reports Stock Award and Resulting Ownership Change
SEC Form 4 Filing
Jeffrey Slocum, President Eastern Hemisphere at Halliburton, reports the acquisition of shares through a stock award and updates his beneficial ownership.
Summary
- On January 2, 2025, Jeffrey Slocum, President Eastern Hemisphere of Halliburton, acquired 39,194 shares of Halliburton common stock through a stock award under the Halliburton Company Stock and Incentive Plan.
- The award was priced at $27.73 per share, which was the closing price of Halliburton's common stock on the New York Stock Exchange on the grant date.
- Following the transaction, Slocum directly owns 168,495.401 shares of Halliburton common stock.
- Slocum also holds options to buy common stock at exercise prices of $49.61 (12,090 shares, exercisable from 01/02/2018), $55.68 (3,722 shares, exercisable from 01/03/2017), and $34.48 (3,882 shares, exercisable from 01/04/2016).
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing detailing a stock award to an executive. It's neutral in tone and doesn't contain any information that would significantly impact investor sentiment.
Positives
- The stock award reflects Halliburton's commitment to incentivizing its executives through equity ownership.
- Slocum's increased stake in the company aligns his interests with those of shareholders.
Industry Context
Executive stock awards are a common practice in the oil and gas industry to align management's interests with those of shareholders and incentivize performance.
Comparison to Industry Standards
- Stock awards are a typical component of executive compensation packages in the oil and gas industry, similar to those offered by companies like Schlumberger and Baker Hughes.
- The size of the award and the vesting schedule are generally aligned with industry benchmarks for executive compensation.
Stakeholder Impact
- The stock award could have a minor positive impact on shareholder sentiment by demonstrating alignment between management and shareholder interests.
- The award does not have a direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/04/2016 | Date from which options to buy 3,882 shares at $34.48 are exercisable |
| 01/03/2017 | Date from which options to buy 3,722 shares at $55.68 are exercisable |
| 01/02/2018 | Date from which options to buy 12,090 shares at $49.61 are exercisable |
| 01/02/2025 | Date of stock award transaction |
| 01/06/2025 | Date of report filing |
| 01/04/2026 | Expiration date for options to buy 3,882 shares at $34.48 |
| 01/03/2027 | Expiration date for options to buy 3,722 shares at $55.68 |
| 01/02/2028 | Expiration date for options to buy 12,090 shares at $49.61 |
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