Miller Jeffrey Allen 4

What Happened

• Jeffrey Allen Miller, President & CEO and a director of Halliburton Co. (HAL), exercised stock options to acquire 171,200 shares at $31.44/share (cost $5,382,528) on 2026-01-23 and sold those 171,200 shares in an open-market transaction the same day at $34.96/share (proceeds $5,985,152). The exercise and disposition entries in the filing reflect the option exercise (transaction code M) and the subsequent sale (transaction code S). The gross difference between sale proceeds and exercise cost is $602,624.

Key Details

• Transaction date: 2026-01-23
• Exercise: 171,200 shares @ $31.44 = $5,382,528 (code M)
• Sale: 171,200 shares @ $34.96 = $5,985,152 (code S)
• Filing date: 2026-01-26 (filed within required reporting window)
• Footnotes: Sale and the option exercise were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 13, 2025.
• Shares owned after transaction: Not specified in the filing.

Context

• This is a common pattern where an executive exercises options and immediately sells the resulting shares (cashless exercise / same-day sale), often for liquidity or to cover exercise tax/fees; the presence of a Rule 10b5-1 plan indicates the sale was pre-arranged under an approved trading plan. The filing is factual and routine; it does not, by itself, indicate the insider’s forward view on the company.