Form 4: Halliburton Executive Van H. Beckwith Sells Shares for Tax Obligations

Halliburton's EVP, Secretary, and CLO, Van H. Beckwith, sold 5,746 shares of common stock to cover tax obligations related to vested stock awards.

Summary

• Van H. Beckwith, an Executive Vice President, Secretary, and Chief Legal Officer at Halliburton, sold 5,746 shares of common stock on December 4, 2024.
• The sale was executed to cover federal tax withholding obligations arising from the vesting of restricted stock units.
• The shares were sold at a price of $31.56 per share.
• Following the transaction, Beckwith directly owns 268,162.49 shares of Halliburton common stock.
• The stock that vested was originally granted on December 2, 2020 and vested on December 2, 2024.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no significant positive or negative implications.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Executive stock sales for tax purposes are a standard practice across publicly listed companies.
• The vesting schedule and tax withholding mechanisms are typical for executive compensation plans.
• The transaction is similar to those seen at other large energy service companies such as Schlumberger and Baker Hughes.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale for tax purposes.
• The sale does not indicate any change in the executive's confidence in the company.

Key Dates

Keywords

Halliburton, stock sale, insider trading, executive compensation, tax obligations, Form 4, Van H. Beckwith