Form 4: Halliburton Executive Lawrence J. Pope Reports Stock Transaction
SEC Form 4 Filing
EVP Lawrence J. Pope reports disposition of Halliburton shares to cover tax obligations.
Summary
- Lawrence J. Pope, an Executive Vice President at Halliburton, reported a transaction involving the disposition of 33,206 shares of common stock on March 6, 2025.
- The shares were transferred to Halliburton to cover federal tax withholding obligations related to the lapse of restrictions on shares issued under the company's Stock and Incentive Plan.
- The price per share for the transaction was $25.01, which was the closing price of Halliburton's common stock on the New York Stock Exchange on March 3, 2025.
- Following the transaction, Pope directly owns 489,741.977 shares of Halliburton common stock.
- Pope also holds options to buy common stock at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard transaction for tax purposes.
Industry Context
This is a routine transaction for executives to cover tax obligations related to stock-based compensation. It doesn't necessarily reflect a change in the executive's confidence in the company.
Comparison to Industry Standards
- Executive compensation practices, including stock options and restricted stock units, are common across the oil and gas industry.
- Companies like Schlumberger, Baker Hughes, and Weatherford International also utilize similar equity-based compensation plans for their executives.
- The specific terms of these plans, such as vesting schedules and performance metrics, can vary, but the overall goal is to align executive incentives with shareholder value.
Key Dates
| Date | Description |
|---|---|
| 12/02/2015 | Date of option grant for 44,500 shares at $38.95 expiring 12/02/2025 |
| 12/07/2016 | Date of option grant for 30,500 shares at $53.54 expiring 12/07/2026 |
| 12/06/2017 | Date of option grant for 34,300 shares at $43.38 expiring 12/06/2027 |
| 12/05/2018 | Date of option grant for 51,100 shares at $31.44 expiring 12/05/2028 |
| 03/03/2025 | Performance Unit shares were issued; closing price of Halliburton's common stock was $25.01. |
| 03/06/2025 | Date of transaction: Disposition of 33,206 shares for tax obligations. |
| 03/07/2025 | Date of Form 4 filing. |
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