Form 4: Halliburton Executive Transfers Shares for Tax Obligations
SEC Filing
A Halliburton executive transferred shares to cover federal tax obligations related to vested stock options.
Summary
- Halliburton's Senior Vice President of Tax, Myrtle L. Jones, transferred shares of common stock to the company.
- The transfer was to cover federal tax withholding obligations.
- The shares were related to stock granted on December 4, 2019, that vested on December 4, 2024.
- The closing price of Halliburton's common stock on December 4, 2024, was $30.60 per share.
- The transfer of shares occurred on December 6, 2024.
Sentiment
Score: 5
Explanation: The document describes a routine transaction with no significant positive or negative implications.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Comparison to Industry Standards
- Many publicly traded companies use stock options as part of executive compensation packages.
- It is standard practice for companies to withhold shares to cover tax obligations when stock options vest.
- The process of transferring shares to cover tax obligations is a common practice across the industry.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a transfer of shares already issued.
Key Dates
| Date | Description |
|---|---|
| 2016-12-07 | Date of grant for some of the stock options. |
| 2017-12-06 | Date of grant for some of the stock options. |
| 2019-12-04 | Date of the original stock grant related to the transferred shares. |
| 2024-12-04 | Date the stock options vested and the closing price of Halliburton's stock was $30.60. |
| 2024-12-06 | Date the shares were transferred to cover tax obligations. |
| 2024-12-10 | Date of the filing. |
| 2026-12-07 | Expiration date for some of the stock options. |
| 2027-12-06 | Expiration date for some of the stock options. |
Keywords
Halliburton, stock transfer, tax obligations, stock options, executive compensation, share vesting
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.