Form 4: Halliburton Executive Pope Lawrence J. Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
EVP Administration & CHRO of Halliburton, Lawrence J. Pope, reports disposing of 68,076 shares to cover federal tax withholding obligations.
Summary
- On March 1, 2024, Lawrence J. Pope, EVP Administration & CHRO of Halliburton, disposed of 68,076 shares of Halliburton common stock.
- The transaction was executed to cover 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 was $34.96, based on the closing price of Halliburton's common stock on February 27, 2024.
- Following the transaction, Pope directly owns 416,765.118 shares of Halliburton common stock.
- Pope also holds options to buy common stock at various prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's perspective on the company's performance and future prospects.
Comparison to Industry Standards
- Executive compensation practices, including equity-based compensation, are generally benchmarked against peer companies in the oilfield services industry, such as Schlumberger and Baker Hughes.
- The use of stock to cover tax obligations is a standard practice among executives receiving equity compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a standard procedure for covering tax obligations.
- The transaction does not directly affect employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/03/2014 | Date of option grant with exercise price of $40.75, expiring 12/03/2024. |
| 12/02/2015 | Date of option grant with exercise price of $38.95, expiring 12/02/2025. |
| 12/07/2016 | Date of option grant with exercise price of $53.54, expiring 12/07/2026. |
| 12/06/2017 | Date of option grant with exercise price of $43.38, expiring 12/06/2027. |
| 12/05/2018 | Date of option grant with exercise price of $31.44, expiring 12/05/2028. |
| 02/27/2024 | Date the Performance Unit shares were issued and the closing price of Halliburton's common stock was $34.96. |
| 03/01/2024 | Date of the stock disposal transaction. |
| 03/05/2024 | Date of the report. |
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