Form 4: Halliburton Executive Settles Tax Obligations with Stock Transfer
SEC Form 4 Filing
Jill D. Sharp, SVP at Halliburton, transferred shares to cover federal tax withholding obligations related to the company's Stock and Incentive Plan.
Summary
- On March 6, 2025, Jill D. Sharp, SVP of Internal Assurance Services at Halliburton, transferred 4,086 shares of common stock to the company to cover federal tax withholding obligations.
- The shares were valued at $25.01 each, based on the closing price of Halliburton's common stock on the New York Stock Exchange on March 3, 2025.
- Following the transaction, Sharp directly owns 45,190.414 shares of Halliburton common stock.
- Sharp also holds options to buy 16,733 shares at $49.61 (exercisable from January 2, 2018, expiring January 2, 2028) and 14,197 shares at $55.68 (exercisable from January 3, 2017, expiring January 3, 2027).
Sentiment
Score: 5
Explanation: This is a neutral transaction related to executive compensation and tax obligations. It doesn't indicate any positive or negative sentiment about the company's performance.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies like Halliburton.
Comparison to Industry Standards
- Executive compensation practices, including stock options and restricted stock units, are standard across the oilfield services industry.
- Companies like Schlumberger and Baker Hughes also utilize similar methods to incentivize and retain key personnel.
- The specific terms of the options (exercise price, vesting schedule, expiration date) are generally aligned with industry norms for executive compensation packages.
Key Dates
| Date | Description |
|---|---|
| 01/03/2017 | Date from which options to buy common stock at $55.68 are exercisable |
| 01/02/2018 | Date from which options to buy common stock at $49.61 are exercisable |
| 01/03/2027 | Expiration date for options to buy common stock at $55.68 |
| 01/02/2028 | Expiration date for options to buy common stock at $49.61 |
| 03/03/2025 | Date Performance Unit shares were issued and closing price of Halliburton's common stock was $25.01 |
| 03/06/2025 | Date of the stock transfer transaction |
| 03/07/2025 | Date of signature on the SEC Form 4 |
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