Form 4: Halliburton Executive Timothy McKeon Reports Stock Transaction
SEC Form 4 Filing
Senior VP and Treasurer of Halliburton, Timothy McKeon, reports the disposal of 11,223 common stock shares to cover tax obligations on vested shares.
Summary
- On March 1, 2024, Timothy McKeon, Senior VP and Treasurer of Halliburton, reported a transaction involving Halliburton's common stock.
- McKeon disposed of 11,223 shares of common stock to cover federal tax withholding obligations related to the vesting of shares under the company's Stock and Incentive Plan.
- The transaction was executed at a price of $34.96 per share.
- Following the transaction, McKeon directly owns 75,203 shares of Halliburton common stock.
- McKeon also holds options to buy various amounts of common stock at prices ranging from $31.44 to $53.54, with expiration dates between 2024 and 2028.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Comparison to Industry Standards
- Comparing Halliburton to its peers such as Schlumberger (SLB) and Baker Hughes (BKR), insider transactions are a regular occurrence.
- These transactions are governed by SEC regulations and company policies to prevent insider trading.
- The scale of this transaction is relatively small compared to the overall market capitalization of Halliburton, suggesting it's unlikely to have a significant impact on the stock price.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors, as it is a routine insider transaction.
Key Dates
| Date | Description |
|---|---|
| 12/03/2014 | Date of option grant with an exercise price of $40.75 and expiration on 12/03/2024 for 8,500 shares. |
| 12/02/2015 | Date of option grant with an exercise price of $38.95 and expiration on 12/02/2025 for 8,300 shares. |
| 12/07/2016 | Date of option grant with an exercise price of $53.54 and expiration on 12/02/2026 for 5,100 shares. |
| 12/06/2017 | Date of option grant with an exercise price of $43.38 and expiration on 12/06/2027 for 5,800 shares. |
| 12/05/2018 | Date of option grant with an exercise price of $31.44 and expiration on 12/05/2028 for 8,700 shares. |
| 02/27/2024 | Performance Unit shares were issued, and the closing price of Halliburton's Common Stock was $34.96. |
| 03/01/2024 | Date of the reported transaction where 11,223 shares were disposed of at $34.96 per share. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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