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 the vesting of stock issued under the company's Stock and Incentive Plan.

Summary

• On March 6, 2025, Jeffrey Shannon Slocum, President Eastern Hemisphere at Halliburton, transferred 6,751 shares of common stock to Halliburton to cover federal tax withholding obligations.
• The shares were transferred at a price of $25.01 per share.
• Following the transaction, Slocum directly owns 172,857.401 shares of Halliburton common stock.
• Slocum also holds options to buy 12,090 shares at $49.61, expiring on January 2, 2028, 3,722 shares at $55.68, expiring on January 3, 2027, and 3,882 shares at $34.48, expiring on January 4, 2026.

Sentiment

Score: 5

Explanation: The document describes a routine transaction, so the sentiment is neutral.

Positives

• The transaction reflects the standard practice of executives using stock to cover tax obligations related to equity compensation.

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 equity-based compensation plans for their executives.
• The use of stock to cover tax obligations is a common practice among executives in these companies.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates