Form 4: Halliburton Executive Van H. Beckwith Reports Stock Transaction for Tax Obligations
SEC Form 4 Filing
Halliburton's EVP, Secretary, and CLO, Van H. Beckwith, transferred 1,460 shares of common stock to cover tax obligations related to vested stock awards.
Summary
- Van H. Beckwith, an executive at Halliburton, filed a Form 4 detailing a transaction involving the company's common stock.
- On January 6, 2025, Mr. Beckwith transferred 1,460 shares of Halliburton common stock back to the company.
- This transfer was to cover federal tax withholding obligations arising from the vesting of restricted stock units.
- The stock vested on January 2, 2025, and the closing price of Halliburton's common stock on that day was $27.73 per share.
- Following this transaction, Mr. Beckwith directly owns 301,411.49 shares of Halliburton common stock.
- Mr. Beckwith also holds options to buy 54,348 shares of Halliburton common stock at an exercise price of $23.57, which were granted on January 15, 2020 and expire on January 15, 2030.
Sentiment
Score: 7
Explanation: The document is a routine filing related to executive compensation and does not indicate any positive or negative sentiment. It is a neutral event.
Industry Context
This is a routine filing related to executive compensation and is common practice for publicly traded companies. It reflects the standard process of handling tax obligations related to stock-based compensation.
Comparison to Industry Standards
- The practice of executives using vested shares to cover tax obligations is a common practice across publicly traded companies.
- Many companies in the oil and gas sector, such as Schlumberger and Baker Hughes, also use stock-based compensation as part of their executive pay packages.
- The vesting schedules and tax withholding practices are generally consistent with industry norms.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for executive compensation.
- The transaction does not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/15/2020 | Date of grant for stock options held by Van H. Beckwith. |
| 01/02/2024 | Date of original grant of stock that vested on January 2, 2025. |
| 01/02/2025 | Date the restricted stock units vested. |
| 01/06/2025 | Date of the stock transfer for tax obligations. |
| 01/08/2025 | Date the Form 4 was signed. |
| 01/15/2030 | Expiration date for stock options held by Van H. Beckwith. |
Keywords
Halliburton, Stock Transaction, Form 4, Executive Compensation, Tax Withholding, Van H. Beckwith, Equity Securities, Stock Options
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