Form 4: Halliburton Executive Sells Shares to Cover Tax Obligations

A Halliburton executive, Myrtle L. Jones, sold 1,094 shares of common stock to cover tax obligations related to vesting shares.

Summary

• Myrtle L. Jones, a Senior Vice President at Halliburton, sold 1,094 shares of common stock on December 4, 2024.
• The sale was executed to cover federal tax withholding obligations arising from the vesting of shares granted under the company's Stock and Incentive Plan.
• The shares were sold at a price of $31.56 per share.
• Following the transaction, Ms. Jones beneficially owns 37,615.337 shares of Halliburton common stock.
• This includes shares purchased through the Employee Stock Purchase Plan.
• Ms. Jones also holds options to buy 5,800 shares at $43.38 and 5,100 shares at $53.54.

Sentiment

Score: 5

Explanation: This is a routine transaction and 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 vest or restricted stock units are released.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a common practice across publicly traded companies.
• The number of shares sold and the timing of the sale are typical for this type of transaction.
• Halliburton's stock-based compensation plan is similar to those of its peers in the oilfield services industry, such as Schlumberger and Baker Hughes.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive to cover tax obligations.

Key Dates

Keywords

Halliburton, stock sale, insider trading, executive compensation, tax obligations, stock options, employee stock purchase plan