Form 4: Halliburton SVP Sells Shares for Tax Obligations

Halliburton's SVP of Internal Assurance Services, Jill D. Sharp, disposed of 2,789 common shares to cover federal tax withholding obligations related to vested stock.

Summary

• Jill D. Sharp, Senior Vice President of Internal Assurance Services at Halliburton Co. (HAL), reported a transaction involving the company's common stock.
• On January 8, 2026, 2,789 shares of common stock were disposed of at a price of $29.60 per share.
• This disposal was made to satisfy federal tax withholding obligations upon the lapse of restrictions on shares issued under the company's Stock and Incentive Plan.
• The plan allows the reporting person to fulfill tax withholding by transferring unrestricted shares to the issuer.
• The stock vested on January 2, 2026, January 3, 2026, and January 4, 2026, related to grants made between January 4, 2021, and January 2, 2025.
• Following this transaction, Jill D. Sharp beneficially owns 48,949.081 shares of Halliburton Co. common stock directly.
• Sharp also holds derivative securities, including 14,197 options to buy common stock with an exercise price of $55.68, exercisable from January 3, 2017, and expiring on January 3, 2027.
• Additionally, Sharp holds 16,733 options to buy common stock with an exercise price of $49.61, exercisable from January 2, 2018, and expiring on January 2, 2028.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is neutral in terms of company performance or strategic outlook.

Positives

• The transaction indicates the vesting of previously granted equity awards, which is a positive for the executive as it represents realized compensation.
• The company's Stock and Incentive Plan provides a clear mechanism for executives to manage tax liabilities efficiently upon vesting.

Negatives

• The disposal of shares, even for tax purposes, results in a reduction of the executive's direct beneficial ownership in the company.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This transaction is a routine insider filing common across all industries, reflecting an executive's management of personal equity compensation and tax obligations. It does not provide specific insights into broader industry trends or competitive positioning within the oilfield services sector.

Comparison to Industry Standards

• The practice of executives disposing of shares to cover tax withholding obligations upon the vesting of restricted stock or other equity awards is a standard and widely accepted component of executive compensation plans across public companies globally.
• This mechanism is common in companies like Schlumberger (SLB) or Baker Hughes (BKR), where executives receive equity as part of their compensation, and similar Form 4 filings are routinely observed for tax-related disposals.

Related Party Transactions

• The transfer of shares to Halliburton Company for payment of Federal tax withholding obligations on vested shares is a transaction between the reporting person and the issuer, facilitated by the company's Stock and Incentive Plan.

Stakeholder Impact

• Shareholders: The impact on shareholders is negligible, as this is a small, routine transaction for tax purposes and does not reflect a change in the company's fundamentals or the executive's long-term confidence.
• Employees: No direct impact on employees is indicated by this filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction where an executive disposed of shares to cover tax obligations upon vesting of equity awards. Such transactions are common and generally do not indicate a change in the company's fundamentals or the executive's long-term view, thus not warranting a change in investment recommendation based solely on this filing.

Keywords

Halliburton, HAL, Insider Transaction, Form 4, Stock Sale, Tax Withholding, Executive Compensation, Jill D. Sharp, Equity Awards