Form 4: Halliburton Executive Lawrence J. Pope Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Halliburton's EVP Administration & CHRO, Lawrence J. Pope, sold 1,460 shares of common stock to cover tax obligations related to vested stock awards.
Summary
- Lawrence J. Pope, an Executive Vice President at Halliburton, sold 1,460 shares of common stock on January 6, 2025.
- The sale was executed to cover federal tax withholding obligations arising from the vesting of restricted stock units.
- The shares were sold at a price of $27.73 per share.
- Following the transaction, Mr. Pope directly owns 441,577.977 shares of Halliburton common stock.
- Mr. Pope also holds options to purchase 160,400 shares of Halliburton common stock at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.
Industry Context
This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when stock vests.
Comparison to Industry Standards
- Executive stock sales for tax purposes are a common practice across publicly traded companies, including Halliburton's competitors such as Schlumberger and Baker Hughes.
- These transactions are typically disclosed through SEC Form 4 filings, which are standard for reporting changes in beneficial ownership by company insiders.
- The number of shares sold and the price are consistent with typical tax-related sales by executives in similar positions.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.
- The sale does not indicate any change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 12/02/2015 | Grant date for options to buy 44,500 shares of common stock at $38.95, expiring 12/02/2025. |
| 12/07/2016 | Grant date for options to buy 30,500 shares of common stock at $53.54, expiring 12/07/2026. |
| 12/06/2017 | Grant date for options to buy 34,300 shares of common stock at $43.38, expiring 12/06/2027. |
| 12/05/2018 | Grant date for options to buy 51,100 shares of common stock at $31.44, expiring 12/05/2028. |
| 01/02/2024 | Date of original stock grant related to the shares that vested on January 2, 2025. |
| 01/02/2025 | Date the stock vested, with a closing price of $27.73 on the New York Stock Exchange. |
| 01/06/2025 | Date of the share sale transaction to cover tax obligations. |
| 01/08/2025 | Date the Form 4 was signed. |
Keywords
Halliburton, Executive Stock Sale, Form 4, Lawrence J. Pope, Stock Options, Tax Withholding, Share Transaction
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