Form 4: Halliburton Executive Richard Mark Reports Stock Transaction
SEC Form 4 Filing
Halliburton's President of Western Hemisphere, Richard Mark, reported a transaction involving the transfer of 7,383 shares for tax obligations, while also disclosing his holdings of common stock and stock options.
Summary
- Richard Mark, President of Western Hemisphere at Halliburton, filed a Form 4 detailing a stock transaction.
- On December 4, 2024, 7,383 shares of common stock were transferred to Halliburton to cover federal tax withholding obligations.
- The shares were related to the vesting of stock granted on December 2, 2020, which vested on December 2, 2024.
- The price of Halliburton's common stock on December 2, 2024, was $31.56 per share.
- Following the transaction, Mr. Mark beneficially owns 505,438.444 shares of Halliburton common stock.
- This total includes shares purchased through the Employee Stock Purchase Plan and shares accumulated through dividend reinvestment.
- Mr. Mark also holds various stock options with different exercise prices and expiration dates.
Sentiment
Score: 7
Explanation: The document is a routine disclosure of a stock transaction, which is neither positive nor negative. The information is factual and provides transparency, which is generally viewed positively by investors.
Positives
- The document provides transparency into the stock transactions of a key executive at Halliburton.
- The disclosure of stock options provides insight into the executive's potential future holdings.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It provides transparency to investors regarding executive compensation and ownership.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
- The reporting of stock options and share ownership is consistent with SEC regulations and industry norms.
- Halliburton's executive compensation practices are generally in line with those of its peers in the oilfield services industry, such as Schlumberger and Baker Hughes.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock transactions.
- The information is relevant to investors tracking insider ownership and compensation.
Key Dates
| Date | Description |
|---|---|
| 01/02/2015 | Date of stock option grant with an expiration date of 01/02/2025. |
| 01/04/2016 | Date of stock option grant with an expiration date of 01/04/2026. |
| 01/03/2017 | Date of stock option grant with an expiration date of 01/03/2027. |
| 01/02/2018 | Date of stock option grant with an expiration date of 01/02/2028. |
| 12/20/2018 | Date of stock option grant with an expiration date of 12/20/2028. |
| 12/02/2020 | Date of the original stock grant that vested on December 2, 2024. |
| 03/31/2024 | End of period for shares purchased through the Employee Stock Purchase Plan. |
| 09/30/2024 | Date for accumulated shares through dividend reinvestment. |
| 12/02/2024 | Date the stock vested and the closing price of Halliburton's common stock was $31.56. |
| 12/04/2024 | Date of the stock transaction where shares were transferred for tax obligations. |
| 12/06/2024 | Date the Form 4 was signed. |
Keywords
Halliburton, Richard Mark, stock transaction, Form 4, executive compensation, stock options, beneficial ownership, tax withholding, equity securities
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