Form 4: Halliburton Executive Richard Mark Acquires 218,800 Shares of Common Stock
SEC Form 4 Filing
Halliburton's President of Western Hemisphere, Richard Mark, acquired 218,800 shares of common stock on February 27, 2024, at a price of $34.96 per share, increasing his total holdings to 592,576.552 shares.
Summary
- On February 27, 2024, Richard Mark, President Western Hemisphere at Halliburton, acquired 218,800 shares of Halliburton common stock.
- The shares were acquired at a price of $34.96 per share.
- This acquisition was due to the achievement of performance criteria and vesting of performance share units granted on January 4, 2021, under the Halliburton Company Performance Unit Program.
- Following the transaction, Richard Mark's total direct holdings in Halliburton common stock increased to 592,576.552 shares.
- Mark also holds options to buy common stock at various prices and expiration dates.
Sentiment
Score: 7
Explanation: The sentiment is moderately positive as the acquisition of shares by an executive is generally viewed favorably, indicating confidence in the company's performance. However, it's a routine transaction related to compensation.
Positives
- The acquisition of shares by a high-ranking executive could be interpreted as a positive signal about the company's future prospects.
Industry Context
Executive stock acquisitions are common in publicly traded companies and are often seen as a sign of confidence in the company's future performance. The market may interpret this Form 4 filing as a positive signal regarding Halliburton's prospects.
Comparison to Industry Standards
- Executive stock ownership is a common practice across the oil and gas industry.
- Comparing Richard Mark's holdings and recent acquisitions to those of executives at companies like Schlumberger and Baker Hughes could provide further context.
- Industry benchmarks often consider the percentage of executive compensation tied to company stock performance as an indicator of alignment with shareholder interests.
Stakeholder Impact
- Shareholders may view the executive's increased stake as a positive sign.
- Employees may see it as a sign of confidence in the company's future.
Key Dates
| Date | Description |
|---|---|
| 2015-01-02 | Date of option grant with exercise price of $39.49, expiring 01/02/2025 |
| 2016-01-04 | Date of option grant with exercise price of $34.48, expiring 01/04/2026 |
| 2017-01-03 | Date of option grant with exercise price of $55.68, expiring 01/03/2027 |
| 2018-01-02 | Date of option grant with exercise price of $49.61, expiring 01/02/2028 |
| 2018-12-20 | Date of option grant with exercise price of $27.14, expiring 12/20/2028 |
| 2021-01-04 | Date of grant for performance share units that vested on 02/27/2024 |
| 2024-02-27 | Date of transaction: Richard Mark acquired 218,800 shares of common stock. |
| 2024-02-29 | Date of Form 4 filing. |
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