Form 4: Halliburton Executive Slocum Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Jeffrey Shannon Slocum, a Halliburton executive, disposed of shares to cover federal tax withholding obligations related to the lapse of restrictions on shares issued under the company's Stock and Incentive Plan.
Summary
- On March 1, 2024, Jeffrey Shannon Slocum, President Eastern Hemisphere at Halliburton, disposed of 10,066 shares of common stock to cover federal tax withholding obligations.
- The shares were transferred to Halliburton at a price of $34.96 per share.
- Following the transaction, Slocum directly owns 169,108.601 shares of Halliburton common stock.
- Slocum also holds options to buy 12,090 shares at $49.61, 3,722 shares at $55.68, and 3,882 shares at $34.48.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies like Halliburton. It provides transparency into insider transactions.
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 equity-based compensation plans.
- Form 4 filings are a common occurrence for executives at these companies as they manage their equity holdings.
Key Dates
| Date | Description |
|---|---|
| 01/04/2016 | Date exercisable for option to buy common stock at $34.48 |
| 01/03/2017 | Date exercisable for option to buy common stock at $55.68 |
| 01/02/2018 | Date exercisable for option to buy common stock at $49.61 |
| 01/02/2026 | Expiration date for option to buy common stock at $34.48 |
| 01/03/2027 | Expiration date for option to buy common stock at $55.68 |
| 01/02/2028 | Expiration date for option to buy common stock at $49.61 |
| 02/27/2024 | Performance Unit shares were issued; closing price of Halliburton's Common Stock was $34.96 |
| 03/01/2024 | Date of transaction: Slocum disposed of shares to cover tax obligations |
| 03/05/2024 | Date of Form 4 filing |
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