Form 4: Halliburton Executive Lawrence J. Pope Reports Stock Transactions for Tax Obligations
SEC Form 4 Filing
Halliburton's EVP Administration & CHRO, Lawrence J. Pope, reported the transfer of company stock to cover tax obligations related to vesting shares.
Summary
- Lawrence J. Pope, EVP Administration & CHRO at Halliburton, reported the transfer of 1,182 and 1,833 shares of common stock back to the company on January 7, 2025.
- These shares were transferred to cover federal tax withholding obligations arising from the vesting of restricted stock granted in 2023 and 2022.
- The stock vested on January 3, 2025, with a closing price of $27.68 per share on the New York Stock Exchange.
- Following these transactions, Mr. Pope beneficially owns 440,395.977 and 438,562.977 shares of Halliburton common stock respectively.
- Mr. Pope also holds options to buy common stock at various prices and expiration dates.
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. It reflects the standard process of handling tax obligations related to stock-based compensation.
Comparison to Industry Standards
- The practice of using shares to cover tax obligations is a common method of handling stock-based compensation across various industries.
- Many companies, including competitors like Schlumberger and Baker Hughes, use similar methods for their executive compensation plans.
- The vesting schedules and option grants are also typical for executive compensation packages in the oil and gas services sector.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they are related to executive compensation and do not represent a significant change in the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 12/02/2015 | Grant date for options to buy common stock at $38.95, expiring 12/02/2025. |
| 12/07/2016 | Grant date for options to buy common stock at $53.54, expiring 12/07/2026. |
| 12/06/2017 | Grant date for options to buy common stock at $43.38, expiring 12/06/2027. |
| 12/05/2018 | Grant date for options to buy common stock at $31.44, expiring 12/05/2028. |
| 01/03/2022 | Grant date for restricted stock that vested on January 3, 2025. |
| 01/03/2023 | Grant date for restricted stock that vested on January 3, 2025. |
| 01/03/2025 | Vesting date for restricted stock, with a closing price of $27.68 per share. |
| 01/07/2025 | Date of stock transfer to cover tax obligations. |
| 01/10/2025 | Date of filing of the Form 4. |
Keywords
Halliburton, Stock Transactions, Form 4, Executive Compensation, Tax Withholding, Share Vesting, Lawrence J. Pope, Equity Securities
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