Beckwith Van H. 4

What Happened Van H. Beckwith, EVP, Secretary and Chief Legal Officer of Halliburton (HAL), exercised 54,348 stock options with an exercise price of $23.57 (cost $1,280,982) and immediately sold the 54,348 resulting shares in the open market at $34.96 for proceeds of $1,900,006 on January 23, 2026. The net pre-tax gain on the transactions was roughly $619,024. The filings indicate the option disposal tied to the exercise, consistent with a cashless exercise followed by an immediate sale.

Key Details

• Transaction date: 2026-01-23.
• Exercise: 54,348 options exercised at $23.57 → total exercise cost $1,280,982.
• Sale: 54,348 shares sold at $34.96 → total proceeds $1,900,006.
• Net proceeds (pre-tax): ≈ $619,024 (proceeds minus exercise cost).
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Footnotes: (F1) Sale effected pursuant to a Rule 10b5-1 trading plan adopted Aug 13, 2025. (F2) Options disposed through exercise pursuant to the same 10b5-1 plan.
• Filing timeliness: Form filed on 2026-01-26 for a 2026-01-23 transaction (filed within the usual two business-day window).

Context

• This was an exercise of options immediately followed by a sale (cashless exercise/settlement), a common way for insiders to realize gains and often executed under pre-established 10b5-1 plans to avoid trading-window issues.
• The 10b5-1 plan note means the sale was pre-planned; such sales are generally considered routine and do not, by themselves, indicate a change in insider sentiment.