Form 4: Halliburton Executive Sells Shares for Tax Obligations

A Halliburton Senior VP and Treasurer disposed of 1,105 common shares to cover tax withholding obligations related to vested stock.

Summary

• Timothy McKeon, Senior VP and Treasurer of Halliburton Co., disposed of 1,105 shares of common stock.
• The transaction occurred on January 8, 2026, and was made pursuant to a Rule 10b5-1 plan.
• The shares were transferred to Halliburton Company to satisfy federal tax withholding obligations on vested restricted stock.
• The stock vested on January 2, 2026, and January 3, 2026, related to grants from January 3, 2022, January 3, 2023, January 2, 2024, and January 2, 2025.
• The value used for the tax withholding was $29.60 per share, based on the closing price on January 2, 2026.
• Following this transaction, Mr. McKeon directly beneficially owns 81,631 shares of common stock.
• Mr. McKeon also holds options to buy common stock: 8,700 shares at an exercise price of $31.44 (expiring December 5, 2028), 5,800 shares at $43.38 (expiring December 6, 2027), and 5,100 shares at $53.54 (expiring December 2, 2026).

Sentiment

Score: 5

Explanation: Neutral. This is a routine, non-discretionary transaction for tax purposes related to executive compensation. It does not reflect a positive or negative outlook on the company's future performance by the insider, nor does it indicate any operational changes.

Positives

• Vesting of previously granted equity indicates long-term incentive plans are maturing for the executive, reflecting continued compensation for performance.

Negatives

• Disposal of 1,105 common shares by a Senior VP and Treasurer, although for tax purposes, reduces the executive's direct ownership.

Risks

• No specific risks related to the company's operations or financial health are disclosed in this Form 4, as it primarily reports an insider transaction.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Transfer of 1,105 common shares to Halliburton Company by Senior VP and Treasurer Timothy McKeon to satisfy Federal tax withholding obligations on vested restricted stock, as permitted by the Stock and Incentive Plan.

Stakeholder Impact

• Shareholders: A minor reduction in insider ownership (1,105 shares) due to a non-discretionary tax event, which typically has minimal impact on shareholder perception or share price.
• Management: The executive received vested equity, which is part of their compensation package, with a portion used to cover tax liabilities.

Key Dates

Recommendation

This Form 4 filing reports a routine, non-discretionary 'sell to cover' transaction by a Halliburton executive to satisfy tax obligations on vested equity. Such transactions are common and do not typically signal a change in the company's fundamentals or the executive's long-term view. The filing provides no new information that would warrant a change in investment recommendation based solely on this event. Therefore, a 'hold' recommendation is appropriate as this transaction does not alter the investment thesis for Halliburton.

Keywords

Halliburton, HAL, SEC Form 4, Insider Transaction, Stock Sale, Executive Compensation, Timothy McKeon, Tax Withholding, Common Stock, Equity Compensation