Form 4: Halliburton Executive Jill D. Sharp Reports Stock Transactions for Tax Obligations
SEC Form 4 Filing
Halliburton's SVP of Internal Assurance Services, Jill D. Sharp, reported the transfer of company stock to cover tax obligations related to vesting shares.
Summary
- Jill D. Sharp, SVP of Internal Assurance Services at Halliburton, filed a Form 4 detailing stock transactions.
- The transactions involved the transfer of Halliburton common stock to cover federal tax withholding obligations.
- These obligations arose from the vesting of restricted stock granted under the company's Stock and Incentive Plan.
- A total of 2,182 shares were transferred at a price of $27.68 per share on January 7, 2025.
- The shares were related to stock grants from January 3, 2023, January 3, 2022 and January 4, 2021.
- Following these transactions, Ms. Sharp beneficially owns 35,399.476 shares of Halliburton common stock.
Sentiment
Score: 7
Explanation: The document is a routine filing related to executive compensation and does not indicate any positive or negative sentiment. It is a neutral event.
Industry Context
This is a routine filing related to executive compensation and is common practice for publicly traded companies.
Comparison to Industry Standards
- The use of stock-based compensation and the subsequent transfer of shares for tax obligations is a standard practice among publicly listed companies, including Halliburton's peers such as Schlumberger and Baker Hughes.
- These companies also use similar stock and incentive plans to align executive interests with shareholder value.
- The vesting schedules and tax withholding practices are generally consistent with industry norms.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the transfer of existing shares for tax purposes.
- There is no direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/03/2017 | Date of option to buy common stock with an exercise price of $55.68, expiring on 01/03/2027. |
| 01/02/2018 | Date of option to buy common stock with an exercise price of $49.61, expiring on 01/02/2028. |
| 01/04/2021 | Date of stock grant related to shares vesting on January 4, 2025. |
| 01/03/2022 | Date of stock grant related to shares vesting on January 3, 2025. |
| 01/03/2023 | Date of stock grant related to shares vesting on January 3, 2025. |
| 01/03/2025 | Vesting date for some of the shares, and the closing price of Halliburton stock was $27.68. |
| 01/07/2025 | Date of stock transfer for tax obligations. |
| 01/10/2025 | Date the Form 4 was signed. |
Keywords
Halliburton, Stock Transactions, Form 4, Executive Compensation, Tax Withholding, Stock Vesting, Jill D. Sharp
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.