Form 4: Halliburton Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Halliburton's EVP & Chief Financial Officer, Eric Carre, sold 3,109 shares of common stock to cover tax obligations related to vested stock awards.
Summary
- Eric Carre, Executive Vice President and Chief Financial Officer of Halliburton, sold 3,109 shares of common stock on December 6, 2024.
- The sale was executed to cover federal tax withholding obligations arising from the vesting of restricted stock units.
- The shares were sold at a price of $30.60 per share.
- Following the transaction, Mr. Carre directly owns 234,694.667 shares of Halliburton common stock.
- Mr. Carre also holds options to purchase a total of 148,909 shares of Halliburton common stock at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: This is a neutral event, a routine transaction for tax purposes. It does not indicate any positive or negative sentiment about the company's performance.
Industry Context
This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when stock options or restricted stock units vest.
Comparison to Industry Standards
- Executive stock sales for tax purposes are a common practice across all industries, including oil and gas.
- Companies like Schlumberger and Baker Hughes also see similar transactions from their executives.
- The amount of shares sold is typical for an executive at this level and is proportional to the vesting of their stock awards.
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 health.
Key Dates
| Date | Description |
|---|---|
| 01/02/2015 | Date of grant for options to buy 24,750 shares at $39.49, expiring 01/02/2025 |
| 01/04/2016 | Date of grant for options to buy 9,534 shares at $34.48, expiring 01/04/2026 |
| 12/07/2016 | Date of grant for options to buy 30,100 shares at $53.54, expiring 12/07/2026 |
| 12/06/2017 | Date of grant for options to buy 34,425 shares at $43.38, expiring 12/06/2027 |
| 12/05/2018 | Date of grant for options to buy 50,100 shares at $31.44, expiring 12/05/2028 |
| 12/04/2019 | Date of grant for restricted stock units that vested on December 4, 2024 |
| 12/04/2024 | Date of vesting for restricted stock units, closing price of Halliburton stock was $30.60 |
| 12/06/2024 | Date of stock sale to cover tax obligations |
| 12/10/2024 | Date of filing of the Form 4 |
Keywords
Halliburton, Eric Carre, stock sale, insider trading, executive compensation, tax obligations, stock options, Form 4
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