Form 4: Halliburton Executive Van H. Beckwith Reports Stock Transaction for Tax Obligations
SEC Form 4 Filing
EVP, Secretary, and CLO of Halliburton, Van H. Beckwith, reports the transfer of shares to cover federal tax withholding obligations.
Summary
- On March 6, 2025, Van H. Beckwith, EVP, Secretary, and CLO of Halliburton, reported a transaction involving common stock.
- 33,206 shares were transferred to Halliburton for payment of federal tax withholding obligations related to the lapse of restrictions on shares issued under the Stock and Incentive Plan.
- The price per share was $25.01, which was the closing price of Halliburton's common stock on the New York Stock Exchange on March 3, 2025.
- Following the transaction, Beckwith directly owns 348,128.49 shares of Halliburton common stock.
- Beckwith also holds options to buy 54,348 shares of common stock at an exercise price of $23.57, exercisable from January 15, 2020, and expiring on January 15, 2030.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 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 and option grants, are common across the oilfield services industry.
- Companies like Schlumberger and Baker Hughes also utilize stock-based compensation to align executive interests with shareholder value.
- The specifics of Halliburton's Stock and Incentive Plan would need to be compared to those of its peers to assess its relative generosity and effectiveness.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, or creditors.
- It provides transparency into executive compensation and stock ownership, which can be of interest to shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/15/2020 | Date options to buy common stock became exercisable |
| 03/03/2025 | Performance Unit shares were issued; closing price of Halliburton's Common Stock was $25.01. |
| 03/06/2025 | Date of the stock transaction (transfer of shares for tax obligations). |
| 03/07/2025 | Date of signature on the Form 4 filing. |
| 01/15/2030 | Expiration date of options to buy common stock. |
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