Form 4: Halliburton Executive Jill D. Sharp Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Jill D. Sharp, SVP Internal Assurance Services at Halliburton, sold 3,346 shares of common stock at $37 per share on May 7, 2024, under a pre-arranged trading plan.
Summary
- On May 7, 2024, Jill D. Sharp, the SVP of Internal Assurance Services at Halliburton, sold 3,346 shares of Halliburton common stock.
- The sale was executed at a price of $37 per share.
- This transaction was conducted under a Rule 10b5-1 trading plan adopted on February 7, 2024.
- Following the transaction, Sharp directly owns 40,185.495 shares of Halliburton common stock, which includes 322.997 shares purchased through the Halliburton Company Employee Stock Purchase Plan for the period ended March 31, 2024.
- Sharp also holds options to buy 16,733 shares at $49.61 (exercisable from January 2, 2018, expiring January 2, 2028) and 14,197 shares at $55.68 (exercisable from January 3, 2017, expiring January 3, 2027).
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan. It doesn't necessarily indicate a positive or negative outlook on the company's future.
Industry Context
Executive stock sales are a common occurrence, and the use of 10b5-1 trading plans allows insiders to sell shares without being accused of trading on non-public information. The market will often look at the ratio of sales to purchases by insiders to gauge sentiment.
Key Dates
| Date | Description |
|---|---|
| 01/03/2017 | Date exercisable for options to buy 14,197 shares at $55.68, expiring January 3, 2027. |
| 01/02/2018 | Date exercisable for options to buy 16,733 shares at $49.61, expiring January 2, 2028. |
| 02/07/2024 | Date the Reporting Person adopted a Rule 10b5-1 trading plan. |
| 03/31/2024 | End of period for Halliburton Company Employee Stock Purchase Plan, resulting in the purchase of 322.997 shares. |
| 05/07/2024 | Date of the transaction: sale of 3,346 shares of common stock at $37 per share. |
| 01/02/2027 | Expiration date for options to buy 14,197 shares at $55.68. |
| 01/03/2028 | Expiration date for options to buy 16,733 shares at $49.61. |
| 05/09/2024 | Date of signature for the Form 4 filing. |
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