Form 4: Halliburton Executive Lawrence J. Pope Reports Stock Transactions
SEC Form 4 Filing
Halliburton's EVP Lawrence J. Pope reports the transfer of 5,840 shares for tax obligations and the expiration of stock options.
Summary
- Lawrence J. Pope, an Executive Vice President at Halliburton, reported a transaction involving the transfer of 5,840 common stock shares to cover tax obligations.
- These shares were transferred at a price of $31.56 per share.
- The transfer was related to the vesting of stock granted on December 2, 2020.
- Additionally, a stock option for 47,400 shares expired on December 3, 2024.
- Mr. Pope also holds other stock options with various exercise prices and expiration dates.
- Mr. Pope's total holdings include 411,587.977 shares of common stock, including shares purchased through the Employee Stock Purchase Plan.
Sentiment
Score: 5
Explanation: The document is a routine filing of stock transactions, with no significant positive or negative implications. It is a neutral event.
Negatives
- A stock option for 47,400 shares expired, resulting in a loss of potential value for Mr. Pope.
Risks
- The expiration of stock options could impact the executive's compensation and motivation.
- Fluctuations in the stock price could affect the value of Mr. Pope's holdings.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It provides transparency into the executive's holdings and transactions.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, and Halliburton's filing is consistent with these requirements.
- The stock option grants and vesting schedules are typical for executive compensation packages in the oil and gas industry.
- Companies like Schlumberger and Baker Hughes also have similar reporting requirements for their executives.
Stakeholder Impact
- The stock transactions have a minimal impact on shareholders as they are routine and do not indicate a change in the company's performance or outlook.
- The transactions are part of the executive's compensation package and do not directly affect employees, customers, or suppliers.
Key Dates
| Date | Description |
|---|---|
| 12/02/2015 | Date of stock option grant with an exercise price of $38.95, expiring on 12/02/2025. |
| 12/07/2016 | Date of stock option grant with an exercise price of $53.54, expiring on 12/07/2026. |
| 12/06/2017 | Date of stock option grant with an exercise price of $43.38, expiring on 12/06/2027. |
| 12/05/2018 | Date of stock option grant with an exercise price of $31.44, expiring on 12/05/2028. |
| 12/02/2020 | Date of stock grant related to the shares transferred for tax obligations. |
| 03/31/2024 | End of period for Employee Stock Purchase Plan resulting in 385.290 shares purchased. |
| 06/30/2024 | End of period for Employee Stock Purchase Plan resulting in 277.569 shares purchased. |
| 12/02/2024 | Date the stock vested and the closing price of Halliburton's stock was $31.56. |
| 12/03/2024 | Date a stock option for 47,400 shares expired. |
| 12/04/2024 | Date of the reported stock transfer for tax obligations. |
| 12/06/2024 | Date of the signature on the report. |
Keywords
Halliburton, stock options, stock transfer, executive compensation, insider trading, Form 4, equity securities
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