Form 4: Halliburton Senior VP and Treasurer, Timothy McKeon, Reports Stock Transactions for Tax Obligations
SEC Form 4 Filing
Halliburton's Senior VP and Treasurer, Timothy McKeon, reported the transfer of company stock to cover tax obligations related to vested shares.
Summary
- Timothy McKeon, Senior VP and Treasurer at Halliburton, filed a Form 4 detailing stock transactions.
- On January 7, 2025, McKeon transferred 214 shares of common stock to Halliburton at a price of $27.68 per share to cover federal tax withholding obligations.
- An additional 368 shares were also transferred on the same date at the same price for tax obligations.
- These transfers were related to the vesting of stock granted on January 3, 2023 and January 3, 2022.
- Following these transactions, McKeon directly owns 77,784 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 is a routine filing and does not indicate any significant positive or negative sentiment. It is a neutral disclosure of stock transactions.
Positives
- The transactions are a routine part of stock-based compensation and tax obligations.
- The document provides transparency into the stock holdings of a key executive.
Industry Context
This filing is a standard disclosure for corporate insiders and is common in the oil and gas services industry where stock-based compensation is prevalent.
Comparison to Industry Standards
- Form 4 filings are a standard practice for all publicly traded companies in the United States, including Halliburton's competitors such as Schlumberger and Baker Hughes.
- The stock transactions reported are typical for executives receiving stock-based compensation and are used to cover tax obligations.
- The option grants are also a common form of executive compensation in the industry, aligning management's interests with shareholders.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a significant change in ownership.
- The filing provides transparency to stakeholders regarding executive stock holdings.
Key Dates
| Date | Description |
|---|---|
| 12/02/2015 | Date of option grant with an exercise price of $38.95 and an expiration date of 12/02/2025. |
| 12/07/2016 | Date of option grant with an exercise price of $53.54 and an expiration date of 12/02/2026. |
| 12/06/2017 | Date of option grant with an exercise price of $43.38 and an expiration date of 12/06/2027. |
| 12/05/2018 | Date of option grant with an exercise price of $31.44 and an expiration date of 12/05/2028. |
| 01/03/2022 | Date of stock grant related to the vesting of shares on January 3, 2025. |
| 01/03/2023 | Date of stock grant related to the vesting of shares on January 3, 2025. |
| 01/03/2025 | Date of stock vesting at a price of $27.68 per share. |
| 01/07/2025 | Date of stock transfers for tax obligations. |
| 01/10/2025 | Date of filing of the Form 4. |
Keywords
Halliburton, Stock Transactions, Form 4, Insider Trading, Executive Compensation, Tax Withholding, Equity Securities, Timothy McKeon
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