Form 4: Halliburton Executive Slocum Settles Tax Obligations with Stock Transfer
SEC Form 4 Filing
Jeffrey Shannon Slocum, a Halliburton executive, transferred shares to cover federal tax obligations related to vested stock.
Summary
- On April 29, 2025, Jeffrey Shannon Slocum, President Eastern Hemisphere at Halliburton, transferred 10,707 shares of common stock to the company to cover federal tax withholding obligations.
- The shares were related to the vesting of stock granted on April 27, 2022.
- The price per share was $20.85, based on the closing price on April 25, 2025, as April 27, 2025 was a non-market business day.
- Following the transaction, Slocum directly owns 163,051.952 shares of Halliburton common stock.
- This includes 901.551 shares purchased through the Halliburton Company Employee Stock Purchase Plan for the period ended March 31, 2025.
- Slocum also holds options to buy 12,090 shares at $49.61 (expiring 01/02/2028), 3,722 shares at $55.68 (expiring 01/03/2027), and 3,882 shares at $34.48 (expiring 01/04/2026).
Sentiment
Score: 5
Explanation: The document is a neutral report of 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. It provides transparency into executive stock ownership and transactions.
Comparison to Industry Standards
- Executive compensation practices, including stock grants and tax withholding, are standard across the oilfield services industry.
- Companies like Schlumberger and Baker Hughes also utilize stock-based compensation and similar mechanisms for tax obligation fulfillment.
- The specific number of shares and option grants are tailored to the individual executive's role and performance within Halliburton.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, and creditors.
- It provides transparency regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 01/04/2016 | Date related to option to buy common stock at $34.48 expiring 01/04/2026 |
| 01/03/2017 | Date related to option to buy common stock at $55.68 expiring 01/03/2027 |
| 01/02/2018 | Date related to option to buy common stock at $49.61 expiring 01/02/2028 |
| 04/27/2022 | Date of original stock grant related to the vested shares. |
| 03/31/2025 | End of period for Employee Stock Purchase Plan shares. |
| 04/25/2025 | Date of closing price used for tax withholding ($20.85). |
| 04/27/2025 | Vesting date of stock grant. |
| 04/29/2025 | Date of stock transfer for tax obligations. |
| 04/30/2025 | Date of Form 4 filing. |
| 01/04/2026 | 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 |
Keywords
Halliburton, Slocum, stock transfer, Form 4, insider trading, tax obligations, equity, securities, ownership
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