Form 4: Halliburton Executive Transfers Shares for Tax Obligations
SEC Form 4 Filing
A Halliburton executive transferred shares to cover tax obligations related to vested stock options.
Summary
- Charles Geer Jr., a Senior Vice President and Chief Accounting Officer at Halliburton, transferred 551 shares of common stock to the company.
- This transfer was to cover federal tax withholding obligations arising from the vesting of restricted shares.
- The shares vested on December 4, 2024, and were related to a stock grant from December 4, 2019.
- The closing price of Halliburton's common stock on December 4, 2024, was $30.60 per share.
- The share transfer occurred on December 6, 2024.
Sentiment
Score: 7
Explanation: The document describes a routine transaction related to executive compensation, which is neither positive nor negative for the company's overall performance. It is a normal part of operations.
Industry Context
This type of transaction is common for executives who receive stock-based compensation, as they often need to cover tax obligations when shares vest.
Comparison to Industry Standards
- Many companies in the oil and gas sector, such as Schlumberger and Baker Hughes, use stock-based compensation as part of their executive pay packages.
- It is standard practice for executives to transfer shares to cover tax obligations upon vesting.
- The specific number of shares transferred and the timing will vary based on individual grants and tax situations.
Stakeholder Impact
- The share transfer has a minimal impact on shareholders as it is a standard procedure for executive compensation.
- The transaction does not affect the company's operations or financial position.
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 restricted shares vested. |
| 2024-12-06 | Date of the share transfer for tax obligations. |
| 2024-12-10 | Date of filing of the document. |
Keywords
Halliburton, stock transfer, tax obligations, executive compensation, share vesting, common stock
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