Form 4: Halliburton Executive Transfers Shares for Tax Obligations
SEC Form 4 Filing
Halliburton's EVP Administration & CHRO, Lawrence J. Pope, transferred shares to cover federal tax obligations related to vested stock options.
Summary
- Lawrence J. Pope, EVP Administration & CHRO at Halliburton, transferred 3,259 shares of common stock to the company.
- This transfer was to cover federal tax withholding obligations arising from the vesting of stock granted under the company's Stock and Incentive Plan.
- The stock vested on December 4, 2024, and was related to a grant from December 4, 2019.
- The closing price of Halliburton's common stock on December 4, 2024, was $30.60 per share.
- The shares were withheld for tax reporting purposes on December 6, 2024.
Sentiment
Score: 7
Explanation: The document describes a routine transaction related to executive compensation and tax obligations, which is neither positive nor negative. The sentiment is neutral to slightly positive as it indicates the executive is receiving compensation.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Comparison to Industry Standards
- The practice of transferring shares to cover tax obligations is standard across publicly listed companies.
- Many companies use similar stock and incentive plans to compensate executives, and the vesting and tax implications are generally consistent.
- Halliburton's approach aligns with common practices observed in companies like Schlumberger and Baker Hughes, which also use stock-based compensation.
Stakeholder Impact
- The share transfer has a minimal impact on shareholders as it is a standard procedure for executive compensation.
- The transaction does not directly affect employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 2015-12-02 | Date of grant for stock options that expire on 2025-12-02. |
| 2016-12-07 | Date of grant for stock options that expire on 2026-12-07. |
| 2017-12-06 | Date of grant for stock options that expire on 2027-12-06. |
| 2018-12-05 | Date of grant for stock options that expire on 2028-12-05. |
| 2019-12-04 | Date of the original stock grant related to the shares that vested on 2024-12-04. |
| 2024-12-04 | Date the stock vested at a price of $30.60 per share. |
| 2024-12-06 | Date the shares were withheld for tax reporting. |
| 2024-12-10 | Date of the filing. |
Keywords
Halliburton, stock options, tax withholding, executive compensation, share transfer, vesting
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