Form 4: Halliburton Senior VP and Treasurer, Timothy McKeon, Reports Stock Transaction
SEC Form 4 Filing
Halliburton's Senior VP and Treasurer, Timothy McKeon, disposed of 227 shares of common stock to cover tax obligations related to vested stock awards.
Summary
- Timothy McKeon, Senior VP and Treasurer at Halliburton, reported a transaction involving the disposal of 227 shares of common stock.
- The shares were disposed of on January 6, 2025, at a price of $27.73 per share.
- This transaction was to cover federal tax withholding obligations related to the vesting of stock awards.
- Following the transaction, McKeon directly owns 78,366 shares of Halliburton common stock.
- McKeon also holds options to buy common stock at various prices and expiration dates.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation. There is no indication of any positive or negative sentiment, it is a standard reporting requirement.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies.
Comparison to Industry Standards
- Stock-based compensation is a common practice in the oil and gas industry, with companies like Schlumberger and Baker Hughes also using stock options and restricted stock units as part of their executive compensation packages.
- The vesting and tax withholding practices described in the document are standard procedures for equity compensation plans.
- The reported transaction is consistent with typical insider trading activity related to stock vesting and tax obligations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares for tax purposes.
- The transaction does not impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/02/2015 | Date of option grant with an exercise price of $38.95 and expiration date of 12/02/2025. |
| 12/07/2016 | Date of option grant with an exercise price of $53.54 and expiration date of 12/02/2026. |
| 12/06/2017 | Date of option grant with an exercise price of $43.38 and expiration date of 12/06/2027. |
| 12/05/2018 | Date of option grant with an exercise price of $31.44 and expiration date of 12/05/2028. |
| 01/02/2024 | Date of original stock grant related to the shares that vested on January 2, 2025. |
| 01/02/2025 | Date the stock vested, with a closing price of $27.73 on the New York Stock Exchange. |
| 01/06/2025 | Date of the reported stock disposal transaction. |
| 01/08/2025 | Date the Form 4 was signed. |
Keywords
Halliburton, Stock Transaction, Form 4, Insider Trading, Equity Compensation, Tax Withholding, Timothy McKeon
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