Form 4: Halliburton Executive Richard Mark Reports Stock Disposal for Tax Obligations
SEC Form 4
Richard Mark, President Western Hemisphere at Halliburton, disposed of shares to cover federal tax withholding obligations.
Summary
- On March 6, 2025, Richard Mark, President Western Hemisphere of Halliburton, reported a transaction involving the disposal of 41,455 shares of common stock.
- The shares were transferred to Halliburton to cover federal tax withholding obligations related to the lapse of restrictions on shares issued under the company's Stock and Incentive Plan.
- The transaction price was $25.01 per share, matching the closing price of Halliburton's common stock on the New York Stock Exchange on March 3, 2025.
- Following the transaction, Mark directly owns 601,278.595 shares of Halliburton common stock.
- Mark also holds options to buy a total of 113,666 shares of common stock at prices ranging from $27.14 to $55.68, with expiration dates between 2026 and 2028.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies like Halliburton. It reflects standard practices for managing equity-based compensation.
Comparison to Industry Standards
- Executive compensation practices, including stock options and restricted stock units, are common across the oilfield services industry.
- Companies like Schlumberger and Baker Hughes also utilize similar equity-based compensation plans to incentivize and retain key personnel.
- The specific terms of these plans, such as vesting schedules and tax withholding policies, can vary, but the overall structure is generally consistent with industry norms.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a routine disposal of shares for tax purposes.
- Employees may be indirectly affected by the company's stock performance, which is influenced by various factors beyond this single transaction.
Key Dates
| Date | Description |
|---|---|
| 12/20/2018 | Date exercisable for option to buy common stock at $27.14, expiring 12/20/2028 |
| 01/02/2018 | Date exercisable for option to buy common stock at $49.61, expiring 01/02/2028 |
| 01/03/2017 | Date exercisable for option to buy common stock at $55.68, expiring 01/03/2027 |
| 01/04/2016 | Date exercisable for option to buy common stock at $34.48, expiring 01/04/2026 |
| 03/03/2025 | Performance Unit shares were issued; closing price of Halliburton's Common Stock was $25.01. |
| 03/06/2025 | Date of transaction: disposal of 41,455 shares for tax obligations. |
| 03/07/2025 | Date of signature on the Form 4 filing. |
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