Form 4: Halliburton Executive Slocum Settles Tax Obligations with Stock Transfer

Jeffrey Shannon Slocum, a Halliburton executive, transferred shares to cover federal tax obligations related to vested stock, according to a recent SEC filing.

Summary

• On October 30, 2024, Jeffrey Shannon Slocum, President Eastern Hemisphere at Halliburton, transferred 1,551 shares of common stock back to the company to cover federal tax withholding obligations.
• The shares were related to the vesting of stock granted on October 28, 2019, which vested on October 28, 2024.
• The transaction occurred at a price of $27.89 per share, which was the closing price of Halliburton's common stock on the New York Stock Exchange on October 30, 2024.
• Following the transaction, Slocum beneficially owns 129,301.401 shares of Halliburton common stock, which includes 69.566 shares purchased through the Halliburton Company Employee Stock Purchase Plan for the period ended June 30, 2024.
• Slocum also holds options to buy 12,090 shares at $49.61 (exercisable from 01/02/2018, expiring 01/02/2028), 3,722 shares at $55.68 (exercisable from 01/03/2017, expiring 01/03/2027), and 3,882 shares at $34.48 (exercisable from 01/04/2016, expiring 01/04/2026).

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure 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 compensation structures to incentivize and retain key personnel.
• The vesting schedules and tax withholding practices are generally consistent with industry norms.

Key Dates