Form 4: Halliburton Executive Van H. Beckwith Reports Acquisition of Common Stock

Van H. Beckwith, EVP, Secretary and CLO of Halliburton, reports acquiring 34,709 shares of common stock at $27.73 per share on January 2, 2025, increasing his total holdings to 302,871.49 shares.

Summary

• On January 6, 2025, a Form 4 filing was submitted to the SEC by Pamela L. Taylor, by Power of Attorney, on behalf of Van H. Beckwith, EVP, Secretary and CLO of Halliburton.
• The filing reports a transaction that occurred on January 2, 2025, where Beckwith acquired 34,709 shares of Halliburton common stock at a price of $27.73 per share.
• These shares were awarded pursuant to the Halliburton Company Stock and Incentive Plan, which allows for the surrender of common stock to cover withholding tax obligations.
• Following this transaction, Beckwith's total beneficial ownership of Halliburton common stock increased to 302,871.49 shares.
• Beckwith also holds an option to buy 54,348 shares of Halliburton common stock at an exercise price of $23.57, which was granted on January 15, 2020, and expires on January 15, 2030.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating an executive's stock acquisition, which can be seen as a positive sign of confidence, but it's not a major event.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates an executive's continued investment in the company.

Comparison to Industry Standards

• Executive compensation packages, including stock and option awards, are common in the oilfield services industry.
• Companies like Schlumberger and Baker Hughes also utilize stock-based compensation to align executive interests with shareholder value.
• The size and structure of these awards are typically benchmarked against peer companies to ensure competitiveness.

Stakeholder Impact

• The acquisition of shares by an executive could have a slightly positive impact on shareholder sentiment.

Key Dates