Form 4: Halliburton Executive Myrtle L. Jones Reports Stock Transaction for Tax Obligations
SEC Form 4 Filing
Halliburton's Senior Vice President of Tax, Myrtle L. Jones, reports the transfer of shares to cover federal tax withholding obligations.
Summary
- On March 1, 2024, Myrtle L. Jones, Senior Vice President Tax at Halliburton, reported a transaction involving Halliburton's common stock.
- Ms. Jones transferred 11,733 shares to Halliburton for payment of federal tax withholding obligations related to the lapse of restrictions on shares issued under the company's Stock and Incentive Plan.
- The price per share for this transaction was $34.96, which was the closing price of Halliburton's common stock on February 27, 2024.
- Following the transaction, Ms. Jones beneficially owns 64,060.96 shares of Halliburton common stock directly.
- Ms. Jones also holds options to buy 5,800 shares at $43.38 exercisable on 12/06/2017 and expiring on 12/06/2027, and options to buy 5,100 shares at $53.54 exercisable on 12/07/2016 and expiring on 12/07/2026.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It reflects standard executive compensation practices and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of executives using stock to cover tax obligations.
Comparison to Industry Standards
- Executives at comparable companies such as Schlumberger (SLB) and Baker Hughes (BKR) also routinely file Form 4s for similar transactions related to stock-based compensation and tax obligations.
- The use of stock to cover tax obligations is a common practice across the oilfield services industry, aligning with standard compensation practices.
Stakeholder Impact
- The transaction has a minimal impact on shareholders, as it is a routine transfer of shares for tax obligations.
- Employees participating in the Stock and Incentive Plan are indirectly affected, as this demonstrates the plan's operation.
Key Dates
| Date | Description |
|---|---|
| 12/07/2016 | Date of option grant for 5,100 shares at $53.54. |
| 12/06/2017 | Date of option grant for 5,800 shares at $43.38. |
| 02/27/2024 | Date of Performance Unit share issuance and closing price of $34.96. |
| 03/01/2024 | Date of stock transaction for tax withholding obligations. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
| 12/07/2026 | Expiration date of option for 5,100 shares at $53.54. |
| 12/06/2027 | Expiration date of option for 5,800 shares at $43.38. |
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