Form 4: Halliburton Executive Sells Shares for Tax Obligations
Insider Transaction Report
Halliburton's President of Western Hemisphere, Richard Mark, disposed of 7,383 common shares to cover tax withholding obligations.
Summary
- Richard Mark, President Western Hemisphere of Halliburton Co., reported a transaction involving company common stock.
- On December 4, 2025, 7,383 shares of common stock were disposed of.
- The shares were transferred to Halliburton Company to satisfy Federal tax withholding obligations.
- This transaction was related to the vesting of restricted shares granted on December 2, 2020, which vested on December 2, 2025.
- The closing price of Halliburton Company's Common Stock on December 2, 2025, was $26.91 per share.
- Following this transaction, Richard Mark beneficially owns 444,990.607 shares of common stock directly.
- Mark also holds several options to buy common stock, totaling 113,666 shares, with various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The transaction is a routine, non-discretionary event related to executive compensation and tax obligations, carrying a neutral sentiment as it does not indicate a change in company fundamentals or executive confidence beyond the structured compensation plan.
Positives
- The transaction is a routine event related to the vesting of previously granted stock, indicating a structured and transparent executive compensation plan.
- Halliburton's Stock and Incentive Plan permits executives to satisfy tax obligations by transferring unrestricted shares to the Issuer, providing a clear mechanism for compliance.
Negatives
- A reduction in the direct beneficial ownership of common stock by an executive, although for a routine tax purpose.
Future Outlook
NA
Industry Context
This is a routine insider transaction related to executive compensation and tax obligations, which is a common occurrence across all industries and does not reflect specific industry trends or competitive dynamics within the oilfield services sector.
Stakeholder Impact
- Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes and does not reflect a change in the executive's long-term view of the company or its operational performance.
Key Dates
| Date | Description |
|---|---|
| 01/04/2016 | Grant date for option to buy common stock with an exercise price of $34.48. |
| 01/03/2017 | Grant date for option to buy common stock with an exercise price of $55.68. |
| 01/02/2018 | Grant date for option to buy common stock with an exercise price of $49.61. |
| 12/20/2018 | Grant date for option to buy common stock with an exercise price of $27.14. |
| 12/02/2020 | Original grant date of restricted stock related to the current transaction. |
| 01/04/2026 | Expiration date for option to buy common stock with an exercise price of $34.48. |
| 01/03/2027 | Expiration date for option to buy common stock with an exercise price of $55.68. |
| 01/02/2028 | Expiration date for option to buy common stock with an exercise price of $49.61. |
| 12/20/2028 | Expiration date for option to buy common stock with an exercise price of $27.14. |
| 12/02/2025 | Vesting date of restricted stock and determination of the closing price ($26.91) for tax withholding. |
| 12/04/2025 | Transaction date for the disposition of shares for tax withholding obligations. |
| 12/08/2025 | Signature date of the reporting person's attorney on the filing. |
Recommendation
holdThis Form 4 filing details a routine insider transaction where an executive disposed of shares to cover tax liabilities upon vesting of restricted stock. Such transactions are pre-planned and non-discretionary, providing no new information regarding the company's operational performance, financial health, or future prospects. Therefore, it does not warrant a change in investment recommendation, and a 'hold' stance is maintained based on existing fundamentals.
Keywords
Halliburton, HAL, Richard Mark, Insider Transaction, Form 4, Stock Vesting, Tax Withholding, Executive Compensation, Common Stock, Stock Options
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