Form 4: Halliburton Senior VP Withholds Shares for Tax

Timothy McKeon, Halliburton's Senior VP and Treasurer, disposed of 1,239 common shares to cover federal tax withholding obligations related to vested performance units.

Summary

• Timothy McKeon, Senior VP and Treasurer of Halliburton Co. (HAL), reported a transaction on March 5, 2026.
• 1,239 shares of Halliburton Common Stock were disposed of.
• The shares were transferred to Halliburton Company to satisfy Federal tax withholding obligations.
• This transaction was related to the lapse of restrictions on shares issued under the Stock and Incentive Plan.
• The closing price of Halliburton Company's Common Stock on February 27, 2026, was $36.00 per share.
• Following this transaction, Mr. McKeon beneficially owns 85,477 shares of Common Stock directly.
• Mr. McKeon also holds various options to buy Common Stock, including 8,700 shares at $31.44, 5,800 shares at $43.38, and 5,100 shares at $53.54.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. It is a routine administrative transaction for tax purposes related to executive compensation, with no direct positive or negative implications for the company's operational or financial performance.

Positives

• The underlying event is the vesting of performance units, indicating successful achievement of performance targets by the executive.
• The company's Stock and Incentive Plan allows executives to satisfy tax obligations by transferring unrestricted shares, providing a clear mechanism for managing equity compensation.

Negatives

• No direct negatives from a routine tax withholding transaction.

Risks

• No specific risks are mentioned in this Form 4 filing.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing, which focuses solely on a past insider transaction.

Management Comments

• No direct quotes or paraphrased statements from company management are included in this Form 4 filing.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as share disposals for tax withholding, are common across all industries, particularly for executives receiving equity-based compensation. This specific transaction for Halliburton's Senior VP and Treasurer is consistent with standard practices for managing vested stock awards.

Comparison to Industry Standards

• This transaction is a standard practice for executives in publicly traded companies across various sectors, including energy services. Companies like Schlumberger (SLB) and Baker Hughes (BKR) also have similar equity compensation plans where executives may dispose of shares to cover tax liabilities upon vesting. The mechanism described is a common and accepted method for managing tax obligations related to stock awards, aligning with global benchmarks for executive compensation administration.

Management Changes

Corporate Governance

Legal Proceedings

• No legal or regulatory matters are mentioned in this filing.

Related Party Transactions

• The transaction involves an officer of Halliburton Company (Timothy McKeon) and the company itself, where shares were transferred to the company to satisfy tax obligations related to his compensation. This is a standard related-party transaction within the scope of executive compensation.

Stakeholder Impact

• Shareholders: Minimal direct impact as it's a routine tax-related transaction for an executive. The underlying vesting of performance units could be seen as a positive signal regarding executive performance.
• Employees: No direct impact on general employees.
• Customers/Suppliers/Creditors: No direct impact.

Next Steps

• No specific future actions, events, or milestones are mentioned in this Form 4 filing.

Key Dates

Keywords

Halliburton, HAL, SEC Form 4, Insider Transaction, Stock and Incentive Plan, Tax Withholding, Equity Compensation, Timothy McKeon, Common Stock