Form 4: Halliburton Executive Myrtle L. Jones Reports Acquisition of 32,400 Shares

Halliburton's Senior Vice President of Tax, Myrtle L. Jones, reports acquiring 32,400 shares of common stock on February 27, 2024, following the vesting of performance share units.

Summary

• Myrtle L. Jones, Senior Vice President Tax at Halliburton, reported a transaction on February 27, 2024.
• She acquired 32,400 shares of Halliburton common stock at a price of $34.96 per share.
• This acquisition was due to the vesting of performance share units granted on January 4, 2021, under the Halliburton Company Performance Unit Program.
• Following the transaction, Jones directly owns 75,793.96 shares of Halliburton common stock, which includes 36.50 shares purchased through the Halliburton Company Employee Stock Purchase Plan for the period ending December 31, 2023.
• Jones also holds options to buy 5,800 shares at $43.38 (exercisable since 12/06/2017, expiring 12/06/2027) and 5,100 shares at $53.54 (exercisable since 12/07/2016, expiring 12/07/2026).

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares through vesting suggests performance targets were met, but it's a routine transaction.

Positives

• The vesting of performance share units indicates that performance criteria were met, which could be seen as a positive signal.

Industry Context

Insider transactions are routinely monitored to gauge executive sentiment and confidence in the company's prospects. This acquisition could be interpreted as a positive sign, but it's important to consider the context of the vesting of performance share units.

Comparison to Industry Standards

• Comparing Halliburton's executive compensation and equity ownership to peers like Schlumberger, Baker Hughes, and Weatherford International can provide insights into whether Jones' holdings are typical for her role and tenure.
• Reviewing similar Form 4 filings from executives at these companies can offer a benchmark for understanding the scale and frequency of insider transactions in the oilfield services industry.
• Analyzing the vesting schedules and performance metrics associated with equity grants at these companies can help determine if Halliburton's program is aligned with industry best practices.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment if interpreted as a sign of confidence by a key executive.

Key Dates