Form 4: Halliburton Senior VP and Treasurer Reports Stock Transactions
SEC Form 4 Filing
Halliburton's Senior VP and Treasurer, Timothy McKeon, reported the transfer of 1,063 shares for tax obligations and the expiration of a stock option.
Summary
- Timothy McKeon, Senior VP and Treasurer at Halliburton, filed a Form 4 detailing changes in his beneficial ownership of company stock.
- On December 4, 2024, 1,063 shares of common stock were transferred to Halliburton to cover federal tax withholding obligations related to the vesting of shares granted in 2020.
- The price per share for the transaction was $31.56, which was the closing price on December 2, 2024.
- A stock option to buy 8,500 shares at $40.75 expired on December 3, 2024.
- Mr. McKeon still holds options to buy 28,000 shares at various prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing and does not contain any information that would be considered positive or negative for the company's outlook.
Industry Context
This is a routine filing related to executive compensation and is typical for publicly traded companies. It provides transparency into the stock transactions of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice for all publicly traded companies in the US, as mandated by the SEC.
- The transactions reported are typical for executive compensation packages, which often include stock options and restricted stock units.
- The vesting and tax withholding process is consistent with standard practices in the industry.
- Companies like Schlumberger and Baker Hughes also have similar filings for their executives.
Stakeholder Impact
- The stock transactions have a minor impact on shareholders as they are related to executive compensation.
- The transactions are not expected to have a significant impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/02/2015 | Date of stock option grant with an exercise price of $38.95, expiring 12/02/2025. |
| 12/07/2016 | Date of stock option grant with an exercise price of $53.54, expiring 12/02/2026. |
| 12/06/2017 | Date of stock option grant with an exercise price of $43.38, expiring 12/06/2027. |
| 12/05/2018 | Date of stock option grant with an exercise price of $31.44, expiring 12/05/2028. |
| 12/02/2020 | Date of stock grant that vested on December 2, 2024. |
| 12/03/2024 | Stock option for 8,500 shares at $40.75 expired. |
| 12/04/2024 | Date of the stock transfer to cover tax obligations. |
| 12/06/2024 | Date of the filing of the Form 4. |
Keywords
Halliburton, stock transaction, Form 4, insider trading, executive compensation, stock options, tax withholding
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