Form 4: Halliburton Executive Sells Shares for Tax Obligations

Sentiment:

Insider Transaction Report 8 December 2025 2:51 PM

Halliburton's EVP Administration & CHRO, Lawrence J. Pope, disposed of 5,840 common shares to cover tax withholding obligations related to vested stock.

Summary

Lawrence J. Pope, Executive Vice President Administration & Chief Human Resources Officer of Halliburton Company, disposed of 5,840 shares of Common Stock.
The disposition was a non-discretionary transfer to Halliburton Company to satisfy Federal tax withholding obligations on shares that vested on December 2, 2025.
The shares were valued at $26.91 per share, which was the closing price of Halliburton Company's Common Stock on the New York Stock Exchange on December 2, 2025.
Following this transaction, Mr. Pope beneficially owns 484,831.685 shares of Halliburton Common Stock.
This beneficial ownership includes 929.708 shares purchased through the Halliburton Company Employee Stock Purchase Plan for periods ending March 31, 2025, and June 30, 2025.
An option to buy 44,500 shares of Common Stock with an exercise price of $38.95 expired on December 2, 2025.

Sentiment

Score: 6

Explanation: Neutral to slightly negative. The transaction itself is routine and expected for tax purposes, indicating continued executive alignment. However, the expiration of out-of-the-money options is a minor negative signal regarding past stock performance relative to option strike prices.

Positives

The transaction is a routine, non-discretionary disposition for tax withholding, not a discretionary sale, indicating continued holding of a significant stake.
The executive continues to hold a substantial number of shares (484,831.685) and unexercised stock options, aligning interests with shareholders.
Participation in the Employee Stock Purchase Plan (929.708 shares) demonstrates ongoing investment in the company.

Negatives

The expiration of 44,500 stock options at an exercise price of $38.95 suggests the stock price was below this level at expiration, indicating these options were out-of-the-money.

Future Outlook

Industry Context

Stakeholder Impact

Minimal direct impact on shareholders as this is a routine, non-discretionary transaction by an executive to cover tax liabilities.
Indicates continued alignment of executive interests with shareholders through significant beneficial ownership of company stock and options.

Key Dates

Date	Description
12/02/2015	Date exercisable for 44,500 stock options that expired on 12/02/2025.
12/07/2016	Date exercisable for 30,500 stock options with an expiration date of 12/07/2026.
12/06/2017	Date exercisable for 34,300 stock options with an expiration date of 12/06/2027.
12/05/2018	Date exercisable for 51,100 stock options with an expiration date of 12/05/2028.
12/02/2020	Grant date for stock that vested on 12/02/2025.
03/31/2025	End of period for which shares were purchased through the Halliburton Company Employee Stock Purchase Plan.
06/30/2025	End of period for which shares were purchased through the Halliburton Company Employee Stock Purchase Plan.
12/02/2025	Vesting date for restricted stock and expiration date for 44,500 stock options.
12/04/2025	Transaction date for the disposition of shares for tax withholding.
12/08/2025	Signature date of the Form 4 filing.
12/07/2026	Expiration date for 30,500 stock options.
12/06/2027	Expiration date for 34,300 stock options.
12/05/2028	Expiration date for 51,100 stock options.

Recommendation

hold

The filing details a routine, non-discretionary sale of shares by an executive to cover tax obligations upon vesting of restricted stock. This type of transaction is common and does not typically signal a change in management's outlook or a discretionary move to reduce exposure. The executive retains a substantial beneficial ownership in the company, including additional stock options and shares from an employee purchase plan, indicating continued alignment with shareholder interests. The expiration of out-of-the-money options is a minor negative but reflects past stock performance rather than future outlook. Therefore, the filing itself does not provide new information warranting a change in investment thesis, supporting a 'hold' recommendation.

Keywords

Halliburton, HAL, Insider Transaction, Form 4, Executive Compensation, Tax Withholding, Stock Options, Lawrence J. Pope

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