Form 4: Halliburton Executive Richard Mark Sells Shares for Tax Obligations
SEC Form 4 Filing
Halliburton executive Richard Mark sold 4,140 shares of common stock to cover tax obligations related to vested stock awards.
Summary
- Richard Mark, a President at Halliburton, sold 4,140 shares of common stock on December 6, 2024, at a price of $30.60 per share.
- The sale was to cover federal tax withholding obligations related to the vesting of stock awards.
- Following the transaction, Mark directly owns 501,298.444 shares of Halliburton common stock.
- The stock that vested was granted on December 4, 2019, and vested on December 4, 2024.
- The closing price of Halliburton's common stock on the New York Stock Exchange on December 4, 2024, was $30.60.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.
Industry Context
This is a routine transaction for executives who receive stock-based compensation, and it is common for them to sell shares to cover tax obligations.
Comparison to Industry Standards
- Executive stock sales for tax purposes are a common practice across the industry.
- Many companies in the oil and gas sector, such as Schlumberger and Baker Hughes, have similar stock-based compensation plans for their executives.
- These transactions are typically disclosed through SEC filings like Form 4.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.
- The sale does not affect the company's operations or financial position.
Key Dates
| Date | Description |
|---|---|
| 01/02/2015 | Date of grant for some of the options to buy common stock. |
| 01/04/2016 | Date of grant for some of the options to buy common stock. |
| 01/03/2017 | Date of grant for some of the options to buy common stock. |
| 01/02/2018 | Date of grant for some of the options to buy common stock. |
| 12/20/2018 | Date of grant for some of the options to buy common stock. |
| 12/04/2019 | Date of grant for the stock that vested on December 4, 2024. |
| 12/04/2024 | Date the stock vested and the closing price of Halliburton's common stock was $30.60. |
| 12/06/2024 | Date of the stock sale to cover tax obligations. |
| 12/10/2024 | Date the Form 4 was signed. |
Keywords
Halliburton, Richard Mark, stock sale, insider trading, Form 4, tax obligations, equity compensation, stock vesting
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