Form 4: Halliburton Executive Van H. Beckwith Reports Stock Disposal for Tax Obligations

EVP, Secretary, and CLO of Halliburton, Van H. Beckwith, reports disposing of shares to cover federal tax withholding obligations.

Summary

• On March 1, 2024, Van H. Beckwith, EVP, Secretary, and CLO of Halliburton, disposed of 67,053 shares of common stock to cover federal tax withholding obligations.
• The transaction was executed at a price of $34.96 per share.
• Following the transaction, Beckwith directly owns 293,908.49 shares of Halliburton common stock.
• Beckwith also holds options to buy 54,348 shares of common stock, exercisable until January 15, 2030, at a price of $23.57.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a routine transaction. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Halliburton. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Executive compensation practices, including stock options and restricted stock units, are common across the oil and gas industry.
• Companies like Schlumberger and Baker Hughes also utilize similar equity-based compensation plans to align executive interests with shareholder value.
• The specific number of shares and option grants vary based on company size, performance, and individual executive roles.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, and creditors.
• It provides transparency into executive compensation practices.

Key Dates