Form 4: Halliburton Executive Van H. Beckwith Reports Stock Transaction
SEC Form 4 Filing
Halliburton's EVP, Secretary, and CLO, Van H. Beckwith, reported a transaction involving the transfer of 1,447 common stock shares for tax obligations.
Summary
- Van H. Beckwith, an executive at Halliburton, filed a Form 4 detailing a stock transaction.
- On January 17, 2025, 1,447 shares of Halliburton common stock were transferred to the company.
- This transfer was to cover federal tax withholding obligations related to the vesting of stock granted under the company's Stock and Incentive Plan.
- The stock vested on January 15, 2025, and was related to a grant from January 15, 2020.
- The price of Halliburton's common stock on January 15, 2025, was $28.91 per share.
- Following the transaction, Beckwith beneficially owns 296,949.49 shares of Halliburton common stock.
- Beckwith also holds options to buy 54,348 shares of common stock, exercisable from January 15, 2020, to January 15, 2030, at a price of $23.57.
Sentiment
Score: 7
Explanation: The document is a routine filing of a stock transaction, which is neither positive nor negative. It is a neutral event in the context of the company's operations.
Industry Context
This is a routine filing related to executive compensation and is common practice for publicly traded companies. It does not indicate any specific trend in the oil and gas services industry.
Comparison to Industry Standards
- Executive stock transactions are a standard part of compensation packages in publicly traded companies, including Halliburton's competitors such as Schlumberger and Baker Hughes.
- The vesting and tax withholding process described is typical for stock-based compensation plans.
- The number of shares and options held by Beckwith are within the expected range for an executive of his position.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares relative to the total outstanding shares.
- The transaction is part of the executive compensation plan, which is a standard practice.
Key Dates
| Date | Description |
|---|---|
| 01/15/2020 | Date of original stock grant related to the transaction. |
| 01/15/2025 | Date the stock vested and the closing price was $28.91. |
| 01/17/2025 | Date of the stock transfer for tax obligations. |
| 01/22/2025 | Date the Form 4 was signed. |
Keywords
Halliburton, Stock Transaction, Form 4, Executive Compensation, Van H. Beckwith, Stock Options, Tax Withholding
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