Form 4: Halliburton Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Halliburton's President of Eastern Hemisphere, Jeffrey Shannon Slocum, sold 1,715 shares to cover tax obligations related to vested stock.
Summary
- Jeffrey Shannon Slocum, President of Eastern Hemisphere at Halliburton, sold 1,715 shares of common stock on January 6, 2025.
- The sale was to cover federal tax withholding obligations arising from the vesting of restricted stock.
- The shares were sold at a price of $27.73 per share.
- Following the transaction, Slocum directly owns 166,780.401 shares of Halliburton common stock.
- Slocum also holds options to buy common stock at various exercise prices and expiration dates.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neither positive nor negative for the company's overall performance. It is a neutral event.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies.
Comparison to Industry Standards
- Executive stock sales to cover tax obligations are a standard practice across publicly traded companies.
- The vesting schedules and option grants are typical forms of executive compensation in the oil and gas industry, similar to companies like Schlumberger and Baker Hughes.
- The share price at which the shares were sold is consistent with the market price at the time of vesting.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.
- The sale does not impact the company's operations or financial health.
Key Dates
| Date | Description |
|---|---|
| 01/04/2016 | Date of grant for options to buy 3,882 shares at $34.48, expiring on January 4, 2026. |
| 01/03/2017 | Date of grant for options to buy 3,722 shares at $55.68, expiring on January 3, 2027. |
| 01/02/2018 | Date of grant for options to buy 12,090 shares at $49.61, expiring on January 2, 2028. |
| 01/02/2024 | Date of stock grant related to the vesting on January 2, 2025. |
| 01/02/2025 | Date of stock vesting and closing price of $27.73. |
| 01/06/2025 | Date of the stock sale to cover tax obligations. |
| 01/08/2025 | Date of the Form 4 filing. |
Keywords
Halliburton, Stock Sale, Executive Compensation, Form 4, Insider Trading, Tax Obligations, Equity Securities, Jeffrey Shannon Slocum
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