Form 4: Halliburton Senior VP and Treasurer Timothy McKeon Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Halliburton's Senior VP and Treasurer, Timothy McKeon, reports the acquisition of 5,004 shares of common stock at $27.73 per share on January 2, 2025, increasing his total holdings to 78,593 shares.
Summary
- On January 2, 2025, Timothy McKeon, Senior VP and Treasurer of Halliburton, acquired 5,004 shares of Halliburton common stock.
- The shares were awarded under the Halliburton Company Stock and Incentive Plan at a price of $27.73 per share, which was the closing price on the New York Stock Exchange on the grant date.
- Following the transaction, McKeon's total beneficial ownership of Halliburton common stock increased to 78,593 shares.
- McKeon also holds options to buy common stock at various prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by an insider is generally viewed as a positive sign, but it's a routine transaction related to compensation.
Positives
- The acquisition of shares by a company insider can be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
Insider transactions are closely monitored as they can provide insights into management's perspective on the company's prospects within the oilfield services industry.
Comparison to Industry Standards
- Comparing McKeon's holdings and transactions to those of other executives in similar roles at companies like Schlumberger and Baker Hughes could provide a benchmark for assessing his level of investment in Halliburton relative to his peers.
- Analyzing the timing and size of insider transactions across the oilfield services sector can reveal broader trends in executive sentiment and expectations for the industry's performance.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 12/02/2015 | Date of option grant with exercise price of $38.95 and expiration date of 12/02/2025 |
| 12/07/2016 | Date of option grant with exercise price of $53.54 and expiration date of 12/02/2026 |
| 12/06/2017 | Date of option grant with exercise price of $43.38 and expiration date of 12/06/2027 |
| 12/05/2018 | Date of option grant with exercise price of $31.44 and expiration date of 12/05/2028 |
| 01/02/2025 | Date of common stock acquisition at $27.73 per share |
| 01/06/2025 | Date of signature on the Form 4 filing |
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