Form 4: Halliburton Executive Van H. Beckwith Reports Acquisition of Common Stock
SEC Form 4 Filing
EVP, Secretary, and CLO of Halliburton, Van H. Beckwith, reports acquiring 170,400 shares of common stock on February 27, 2024, at a price of $34.96 per share, increasing his direct holdings to 360,961.49 shares.
Summary
- Van H. Beckwith, EVP, Secretary, and CLO of Halliburton, filed a Form 4 on February 29, 2024.
- On February 27, 2024, Beckwith acquired 170,400 shares of Halliburton common stock at $34.96 per share.
- This acquisition was due to the vesting of performance share units granted on January 4, 2021, under the Halliburton Company Performance Unit Program.
- Following the transaction, Beckwith directly owns 360,961.49 shares of Halliburton common stock.
- Beckwith also holds options to buy 54,348 shares of common stock, exercisable since January 15, 2020, and expiring on January 15, 2030, with an exercise price of $23.57.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects a standard executive compensation transaction. The acquisition of shares by an executive is generally viewed positively, but it's part of a pre-existing plan.
Positives
- The acquisition of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
Executive stock acquisitions are common in publicly traded companies and are often tied to performance-based compensation plans. This filing provides transparency into the holdings of Halliburton's executives.
Stakeholder Impact
- Shareholders may view the executive's increased stake in the company positively.
Key Dates
| Date | Description |
|---|---|
| 01/15/2020 | Date options to buy common stock became exercisable |
| 01/04/2021 | Date of grant for performance share units. |
| 02/27/2024 | Date of transaction: Acquisition of common stock. |
| 02/29/2024 | Date of Form 4 filing. |
| 01/15/2030 | Expiration date of options to buy common stock |
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