Form 4: Halliburton Executive Mark Richard Sells Shares to Cover Tax Obligations

Halliburton's President of Western Hemisphere, Mark Richard, sold 1,819 shares of common stock to cover tax obligations related to vested stock awards.

Summary

• Mark Richard, President of Western Hemisphere at Halliburton, sold 1,819 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. Richard directly owns 541,129.595 shares of Halliburton common stock.
• The stock that vested was granted on January 2, 2024 and vested on January 2, 2025.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an executive stock sale for tax purposes, which is neither positive nor negative for the company's overall performance.

Industry Context

This is a routine transaction related to executive compensation and is common practice for executives receiving stock-based compensation.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• Many companies in the oil and gas sector, such as Schlumberger and Baker Hughes, have similar stock-based compensation plans for their executives.
• These transactions are typically disclosed through SEC Form 4 filings, ensuring transparency and compliance with regulations.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive to cover tax obligations.

Key Dates

Keywords

Halliburton, Stock Sale, Executive Compensation, Form 4, Mark Richard, Tax Withholding, Share Transaction