AG˹ٷ

STOCK TITAN

[Form 4] Halliburton Company Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Northpointe Bancshares, Inc. (NYSE: NPB) filed an 8-K on June 26, 2025 disclosing new three-year employment agreements for four key executives. The contracts cover Amy M. Butler (EVP National Sales), David J. Christel (President, Mortgage Purchase Program), Kevin J. Comps (President, Company & Bank) and Brad T. Howes (EVP & CFO). Each agreement automatically renews for successive one-year terms unless 90-days� written notice of non-renewal is given.

Compensation framework

  • Base salaries: Butler $200k; Christel $175k; Comps $400k; Howes $300k (all subject to annual review).
  • Performance incentives: Butler—quarterly incentive equal to the greater of $75k or 2 % of residential-lending quarterly net income (if profitable); Christel—monthly incentive of 4 % of MPP net income plus annual bonus of 1 % of MPP net income above $1 m; Comps—annual bonus target 100 % of salary; Howes—annual bonus target 50 % of salary.

Severance protection

  • Termination without cause or for good reason: multiple applied to (salary + target/average bonus). Multiples are 1.5× for Christel & Comps and 1.0× for Butler & Howes.
  • Change-in-control terminations (within 12 months): multiples rise to 2.0× for Christel & Comps and 1.5× for Butler & Howes.
  • Company pays COBRA premiums for 18 months; executives must sign release and observe one-year non-compete/non-solicitation.

The agreements supersede prior contracts for Christel (2017) and Comps (2020). Payments subject to potential parachute-payment excise-tax cut-back to maximize executives� after-tax benefit.

No immediate financial metrics were provided, but the contracts formalize retention of senior leadership and outline potentially higher variable compensation costs tied to unit profitability. Full agreements will be filed with the Q2 2025 Form 10-Q.

Northpointe Bancshares, Inc. (NYSE: NPB) ha depositato un modulo 8-K il 26 giugno 2025, rivelando nuovi contratti di lavoro triennali per quattro dirigenti chiave. I contratti riguardano Amy M. Butler (EVP Vendite Nazionali), David J. Christel (Presidente, Programma Acquisto Mutui), Kevin J. Comps (Presidente, Azienda e Banca) e Brad T. Howes (EVP e CFO). Ogni accordo si rinnova automaticamente per ulteriori periodi di un anno, salvo comunicazione scritta di non rinnovo con 90 giorni di anticipo.

Struttura della retribuzione

  • Stipendi base: Butler $200k; Christel $175k; Comps $400k; Howes $300k (tutti soggetti a revisione annuale).
  • Incentivi legati alle performance: Butler � incentivo trimestrale pari al maggiore tra $75k o il 2% del reddito netto trimestrale da prestiti residenziali (se in utile); Christel � incentivo mensile del 4% del reddito netto MPP più bonus annuale dell�1% del reddito netto MPP oltre $1 milione; Comps � bonus annuale target pari al 100% dello stipendio; Howes � bonus annuale target pari al 50% dello stipendio.

Protezione in caso di licenziamento

  • Licenziamento senza giusta causa o per giusta ragione: moltiplicatore applicato a (stipendio + bonus target/medio). I moltiplicatori sono 1,5× per Christel e Comps e 1,0× per Butler e Howes.
  • Licenziamenti per cambio di controllo (entro 12 mesi): i moltiplicatori salgono a 2,0× per Christel e Comps e a 1,5× per Butler e Howes.
  • L’azienda copre i premi COBRA per 18 mesi; i dirigenti devono firmare una liberatoria e rispettare un patto di non concorrenza e non sollecitazione di un anno.

Gli accordi sostituiscono i contratti precedenti di Christel (2017) e Comps (2020). I pagamenti sono soggetti a eventuali riduzioni fiscali per ottimizzare il beneficio netto per i dirigenti.

Non sono stati forniti indicatori finanziari immediati, ma i contratti formalizzano la retention della leadership senior e prevedono potenziali maggiori costi variabili legati alla redditività dell’unità. Gli accordi completi saranno depositati con il modulo 10-Q del secondo trimestre 2025.

Northpointe Bancshares, Inc. (NYSE: NPB) presentó un formulario 8-K el 26 de junio de 2025, revelando nuevos contratos de empleo por tres años para cuatro ejecutivos clave. Los contratos cubren a Amy M. Butler (EVP Ventas Nacionales), David J. Christel (Presidente, Programa de Compra de Hipotecas), Kevin J. Comps (Presidente, Compañía y Banco) y Brad T. Howes (EVP y CFO). Cada acuerdo se renueva automáticamente por términos sucesivos de un año, a menos que se dé un aviso por escrito de no renovación con 90 días de anticipación.

Marco de compensación

  • Salarios base: Butler $200k; Christel $175k; Comps $400k; Howes $300k (todos sujetos a revisión anual).
  • Incentivos por desempeño: Butler � incentivo trimestral igual al mayor entre $75k o el 2% del ingreso neto trimestral de préstamos residenciales (si es rentable); Christel � incentivo mensual del 4% del ingreso neto de MPP más bono anual del 1% del ingreso neto de MPP sobre $1 millón; Comps � bono anual objetivo del 100% del salario; Howes � bono anual objetivo del 50% del salario.

Protección por despido

  • Terminación sin causa o por buena razón: múltiplo aplicado a (salario + bono objetivo/promedio). Los múltiplos son 1.5× para Christel y Comps y 1.0× para Butler y Howes.
  • Terminaciones por cambio de control (dentro de 12 meses): los múltiplos aumentan a 2.0× para Christel y Comps y 1.5× para Butler y Howes.
  • La empresa paga las primas COBRA por 18 meses; los ejecutivos deben firmar una liberación y cumplir con una cláusula de no competencia/no solicitación por un año.

Los acuerdos reemplazan contratos previos para Christel (2017) y Comps (2020). Los pagos están sujetos a posibles ajustes fiscales por impuestos sobre pagos por paracaídas para maximizar el beneficio neto de los ejecutivos.

No se proporcionaron métricas financieras inmediatas, pero los contratos formalizan la retención del liderazgo senior y establecen posibles mayores costos variables vinculados a la rentabilidad de la unidad. Los acuerdos completos se presentarán con el formulario 10-Q del segundo trimestre de 2025.

Northpointe Bancshares, Inc. (NYSE: NPB)� 2025� 6� 26� 8-K 보고서를 제출하며 � 명의 핵심 임원� 위한 새로� 3� 고용 계약� 공개했습니다. 계약 대상은 Amy M. Butler(국가 영업 부사장), David J. Christel(주택담보대� 구매 프로그램 사장), Kevin J. Comps(회사 � 은� 사장), Brad T. Howes(부사장 � 최고재무책임�)입니�. � 계약은 90� � 서면 통지 없이� 자동으로 1� 단위� 갱신됩니�.

보상 체계

  • 기본 급여: Butler $200k; Christel $175k; Comps $400k; Howes $300k (모두 연간 검� 대�).
  • 성과 인센티브: Butler—분기별 인센티브� 주거 대� 분기 순이익의 2% 또는 $75k � � 금액(수익� 있을 경우); Christel—MPP 순이익의 4% � 인센티브 � $100� 초과 MPP 순이익의 1% 연간 보너�; Comps—연� 보너� 목표� 급여� 100%; Howes—연� 보너� 목표� 급여� 50%.

퇴직 보호

  • 정당� 사유 없는 해고 또는 정당� 이유� 의한 해고: (급여 + 목표/평균 보너�)� 곱하� 배수. Christel� Comps� 1.5�, Butler와 Howes� 1.0�.
  • 지배구� 변� � 해고(12개월 이내): 배수가 Christel� Comps� 2.0�, Butler와 Howes� 1.5배로 증가.
  • 회사� 18개월 동안 COBRA 보험료를 지급하�, 임원들은 면책 서명 � 1년간 경쟁 금지 � 권유 금지 조항� 준수해� 합니�.

� 계약들은 Christel(2017�)� Comps(2020�)� 이전 계약� 대체합니다. 지급액은 임원들의 세후 혜택� 극대화하� 위해 낙하� 지급에 대� 세금 조정� 적용� � 있습니다.

즉각적인 재무 지표는 제공되지 않았으나, 계약은 고위 경영� 유지� 공식화하� 단위 수익성에 따른 잠재� 높은 변� 보상 비용� 명시합니�. 전체 계약서는 2025� 2분기 10-Q 보고서에 제출� 예정입니�.

Northpointe Bancshares, Inc. (NYSE : NPB) a déposé un formulaire 8-K le 26 juin 2025, dévoilant de nouveaux contrats de travail triennaux pour quatre cadres clés. Les contrats concernent Amy M. Butler (EVP Ventes Nationales), David J. Christel (Président, Programme d’Achat de Prêts Hypothécaires), Kevin J. Comps (Président, Société & Banque) et Brad T. Howes (EVP & CFO). Chaque accord se renouvelle automatiquement pour des périodes successives d’un an, sauf avis écrit de non-renouvellement donné 90 jours à l’avance.

Cadre de rémunération

  • Salaire de base : Butler 200 000 $ ; Christel 175 000 $ ; Comps 400 000 $ ; Howes 300 000 $ (tous soumis à une révision annuelle).
  • Incitations à la performance : Butler � incitation trimestrielle égale au plus élevé entre 75 000 $ ou 2 % du revenu net trimestriel des prêts résidentiels (si rentable) ; Christel � incitation mensuelle de 4 % du revenu net du MPP plus prime annuelle de 1 % du revenu net du MPP au-delà de 1 million de dollars ; Comps � objectif de prime annuelle de 100 % du salaire ; Howes � objectif de prime annuelle de 50 % du salaire.

Protection en cas de licenciement

  • Licenciement sans cause ou pour motif valable : multiplicateur appliqué à (salaire + prime cible/moyenne). Les multiplicateurs sont de 1,5× pour Christel et Comps, et de 1,0× pour Butler et Howes.
  • Licenciements en cas de changement de contrôle (dans les 12 mois) : les multiplicateurs passent à 2,0× pour Christel et Comps, et à 1,5× pour Butler et Howes.
  • L’entreprise prend en charge les primes COBRA pendant 18 mois ; les cadres doivent signer une décharge et respecter une clause de non-concurrence/non-sollicitation d’un an.

Les accords remplacent les contrats antérieurs de Christel (2017) et Comps (2020). Les paiements sont soumis à un éventuel ajustement fiscal lié à la taxe sur les parachutes dorés afin d’optimiser le bénéfice net des cadres.

Aucune métrique financière immédiate n’a été fournie, mais les contrats officialisent la rétention de la haute direction et prévoient des coûts variables potentiellement plus élevés liés à la rentabilité de l’unité. Les accords complets seront déposés avec le formulaire 10-Q du deuxième trimestre 2025.

Northpointe Bancshares, Inc. (NYSE: NPB) reichte am 26. Juni 2025 ein 8-K ein und gab neue dreijährige Arbeitsverträge für vier wichtige Führungskräfte bekannt. Die Verträge betreffen Amy M. Butler (EVP National Sales), David J. Christel (Präsident, Hypothekenkaufprogramm), Kevin J. Comps (Präsident, Unternehmen & Bank) und Brad T. Howes (EVP & CFO). Jeder Vertrag verlängert sich automatisch um jeweils ein weiteres Jahr, sofern keine schriftliche Kündigung 90 Tage vor Ablauf erfolgt.

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  • Grundgehälter: Butler $200k; Christel $175k; Comps $400k; Howes $300k (alle unterliegen einer jährlichen Überprüfung).
  • Leistungsanreize: Butler � vierteljährlicher Anreiz in Höhe des höheren Betrags von $75k oder 2 % des vierteljährlichen Nettogewinns aus Wohnungsdarlehen (bei Profitabilität); Christel � monatlicher Anreiz von 4 % des MPP-Nettogewinns plus jährlicher Bonus von 1 % des MPP-Nettogewinns über $1 Mio.; Comps � jährliches Bonusziel von 100 % des Gehalts; Howes � jährliches Bonusziel von 50 % des Gehalts.

Abfindungsschutz

  • Kündigung ohne Grund oder aus wichtigem Grund: Multiplikator angewandt auf (Gehalt + Ziel-/Durchschnittsbonus). Multiplikatoren betragen 1,5× für Christel & Comps und 1,0× für Butler & Howes.
  • Kündigungen bei Kontrollwechsel (innerhalb von 12 Monaten): Multiplikatoren steigen auf 2,0× für Christel & Comps und 1,5× für Butler & Howes.
  • Das Unternehmen übernimmt COBRA-Prämien für 18 Monate; die Führungskräfte müssen eine Freistellung unterschreiben und eine einjährige Wettbewerbs- und Abwerbeverbotsklausel einhalten.

Die Vereinbarungen ersetzen frühere Verträge von Christel (2017) und Comps (2020). Zahlungen unterliegen möglichen Kürzungen durch Abgaben auf Abfindungszahlungen, um den Nettovorteil für die Führungskräfte zu maximieren.

Es wurden keine unmittelbaren finanziellen Kennzahlen angegeben, aber die Verträge formalisieren die Bindung der Führungsebene und skizzieren potenziell höhere variable Vergütungskosten, die an die Profitabilität der Einheit gekoppelt sind. Die vollständigen Vereinbarungen werden mit dem Formular 10-Q für das zweite Quartal 2025 eingereicht.

Positive
  • Performance-linked incentives align Butler’s and Christel’s compensation with profitability of key lending segments.
  • Rolling three-year term enhances leadership continuity without creating excessively long contractual lock-ins.
  • Section 4999 cut-back clause prevents shareholder-funded excise-tax gross-ups, reflecting shareholder-friendly design.
Negative
  • Higher guaranteed pay (e.g., Butler’s $75k/quarter floor) could pressure expenses in low-margin periods.
  • Severance multiples up to 2× introduce incremental liability in a change-in-control scenario.

Insights

TL;DR: Standard three-year rolling contracts improve leadership stability but add moderate severance exposure; overall governance impact neutral.

The Board aligned pay with business-unit performance—Butler and Christel receive percentage-of-profit incentives that directly tie reward to profitability, a positive governance signal. Change-in-control multiples (max 2×) are within market norms for banks of comparable size, and inclusion of a Section 4999 cut-back clause avoids shareholder-funded gross-ups. However, Comps� 100 % salary bonus target and Butler’s guaranteed $75k minimum per quarter could elevate fixed obligations during weak earnings cycles. Covenant requirements (one-year non-compete/solicitation) partially mitigate risk of talent loss. In total, the filing is routine and should neither materially enhance nor impair shareholder value.

TL;DR: Filing secures key mortgage and retail lending leaders; cost impact likely manageable; share price reaction anticipated to be minimal.

Northpointe’s mortgage purchase and residential channels are profitability drivers; locking in Christel and Butler with performance-linked incentives helps sustain fee income. Assuming historical segment margins, incentive payouts scale with contribution, preserving operating leverage. Severance math implies a maximum one-time cash outlay of roughly $1.8-2.0 m—immaterial versus the bank’s equity capital base. Because no equity grants or dilution accompany the agreements, near-term EPS impact is limited to cash comp. Investors may view the disclosure as housekeeping rather than a catalyst.

Northpointe Bancshares, Inc. (NYSE: NPB) ha depositato un modulo 8-K il 26 giugno 2025, rivelando nuovi contratti di lavoro triennali per quattro dirigenti chiave. I contratti riguardano Amy M. Butler (EVP Vendite Nazionali), David J. Christel (Presidente, Programma Acquisto Mutui), Kevin J. Comps (Presidente, Azienda e Banca) e Brad T. Howes (EVP e CFO). Ogni accordo si rinnova automaticamente per ulteriori periodi di un anno, salvo comunicazione scritta di non rinnovo con 90 giorni di anticipo.

Struttura della retribuzione

  • Stipendi base: Butler $200k; Christel $175k; Comps $400k; Howes $300k (tutti soggetti a revisione annuale).
  • Incentivi legati alle performance: Butler � incentivo trimestrale pari al maggiore tra $75k o il 2% del reddito netto trimestrale da prestiti residenziali (se in utile); Christel � incentivo mensile del 4% del reddito netto MPP più bonus annuale dell�1% del reddito netto MPP oltre $1 milione; Comps � bonus annuale target pari al 100% dello stipendio; Howes � bonus annuale target pari al 50% dello stipendio.

Protezione in caso di licenziamento

  • Licenziamento senza giusta causa o per giusta ragione: moltiplicatore applicato a (stipendio + bonus target/medio). I moltiplicatori sono 1,5× per Christel e Comps e 1,0× per Butler e Howes.
  • Licenziamenti per cambio di controllo (entro 12 mesi): i moltiplicatori salgono a 2,0× per Christel e Comps e a 1,5× per Butler e Howes.
  • L’azienda copre i premi COBRA per 18 mesi; i dirigenti devono firmare una liberatoria e rispettare un patto di non concorrenza e non sollecitazione di un anno.

Gli accordi sostituiscono i contratti precedenti di Christel (2017) e Comps (2020). I pagamenti sono soggetti a eventuali riduzioni fiscali per ottimizzare il beneficio netto per i dirigenti.

Non sono stati forniti indicatori finanziari immediati, ma i contratti formalizzano la retention della leadership senior e prevedono potenziali maggiori costi variabili legati alla redditività dell’unità. Gli accordi completi saranno depositati con il modulo 10-Q del secondo trimestre 2025.

Northpointe Bancshares, Inc. (NYSE: NPB) presentó un formulario 8-K el 26 de junio de 2025, revelando nuevos contratos de empleo por tres años para cuatro ejecutivos clave. Los contratos cubren a Amy M. Butler (EVP Ventas Nacionales), David J. Christel (Presidente, Programa de Compra de Hipotecas), Kevin J. Comps (Presidente, Compañía y Banco) y Brad T. Howes (EVP y CFO). Cada acuerdo se renueva automáticamente por términos sucesivos de un año, a menos que se dé un aviso por escrito de no renovación con 90 días de anticipación.

Marco de compensación

  • Salarios base: Butler $200k; Christel $175k; Comps $400k; Howes $300k (todos sujetos a revisión anual).
  • Incentivos por desempeño: Butler � incentivo trimestral igual al mayor entre $75k o el 2% del ingreso neto trimestral de préstamos residenciales (si es rentable); Christel � incentivo mensual del 4% del ingreso neto de MPP más bono anual del 1% del ingreso neto de MPP sobre $1 millón; Comps � bono anual objetivo del 100% del salario; Howes � bono anual objetivo del 50% del salario.

Protección por despido

  • Terminación sin causa o por buena razón: múltiplo aplicado a (salario + bono objetivo/promedio). Los múltiplos son 1.5× para Christel y Comps y 1.0× para Butler y Howes.
  • Terminaciones por cambio de control (dentro de 12 meses): los múltiplos aumentan a 2.0× para Christel y Comps y 1.5× para Butler y Howes.
  • La empresa paga las primas COBRA por 18 meses; los ejecutivos deben firmar una liberación y cumplir con una cláusula de no competencia/no solicitación por un año.

Los acuerdos reemplazan contratos previos para Christel (2017) y Comps (2020). Los pagos están sujetos a posibles ajustes fiscales por impuestos sobre pagos por paracaídas para maximizar el beneficio neto de los ejecutivos.

No se proporcionaron métricas financieras inmediatas, pero los contratos formalizan la retención del liderazgo senior y establecen posibles mayores costos variables vinculados a la rentabilidad de la unidad. Los acuerdos completos se presentarán con el formulario 10-Q del segundo trimestre de 2025.

Northpointe Bancshares, Inc. (NYSE: NPB)� 2025� 6� 26� 8-K 보고서를 제출하며 � 명의 핵심 임원� 위한 새로� 3� 고용 계약� 공개했습니다. 계약 대상은 Amy M. Butler(국가 영업 부사장), David J. Christel(주택담보대� 구매 프로그램 사장), Kevin J. Comps(회사 � 은� 사장), Brad T. Howes(부사장 � 최고재무책임�)입니�. � 계약은 90� � 서면 통지 없이� 자동으로 1� 단위� 갱신됩니�.

보상 체계

  • 기본 급여: Butler $200k; Christel $175k; Comps $400k; Howes $300k (모두 연간 검� 대�).
  • 성과 인센티브: Butler—분기별 인센티브� 주거 대� 분기 순이익의 2% 또는 $75k � � 금액(수익� 있을 경우); Christel—MPP 순이익의 4% � 인센티브 � $100� 초과 MPP 순이익의 1% 연간 보너�; Comps—연� 보너� 목표� 급여� 100%; Howes—연� 보너� 목표� 급여� 50%.

퇴직 보호

  • 정당� 사유 없는 해고 또는 정당� 이유� 의한 해고: (급여 + 목표/평균 보너�)� 곱하� 배수. Christel� Comps� 1.5�, Butler와 Howes� 1.0�.
  • 지배구� 변� � 해고(12개월 이내): 배수가 Christel� Comps� 2.0�, Butler와 Howes� 1.5배로 증가.
  • 회사� 18개월 동안 COBRA 보험료를 지급하�, 임원들은 면책 서명 � 1년간 경쟁 금지 � 권유 금지 조항� 준수해� 합니�.

� 계약들은 Christel(2017�)� Comps(2020�)� 이전 계약� 대체합니다. 지급액은 임원들의 세후 혜택� 극대화하� 위해 낙하� 지급에 대� 세금 조정� 적용� � 있습니다.

즉각적인 재무 지표는 제공되지 않았으나, 계약은 고위 경영� 유지� 공식화하� 단위 수익성에 따른 잠재� 높은 변� 보상 비용� 명시합니�. 전체 계약서는 2025� 2분기 10-Q 보고서에 제출� 예정입니�.

Northpointe Bancshares, Inc. (NYSE : NPB) a déposé un formulaire 8-K le 26 juin 2025, dévoilant de nouveaux contrats de travail triennaux pour quatre cadres clés. Les contrats concernent Amy M. Butler (EVP Ventes Nationales), David J. Christel (Président, Programme d’Achat de Prêts Hypothécaires), Kevin J. Comps (Président, Société & Banque) et Brad T. Howes (EVP & CFO). Chaque accord se renouvelle automatiquement pour des périodes successives d’un an, sauf avis écrit de non-renouvellement donné 90 jours à l’avance.

Cadre de rémunération

  • Salaire de base : Butler 200 000 $ ; Christel 175 000 $ ; Comps 400 000 $ ; Howes 300 000 $ (tous soumis à une révision annuelle).
  • Incitations à la performance : Butler � incitation trimestrielle égale au plus élevé entre 75 000 $ ou 2 % du revenu net trimestriel des prêts résidentiels (si rentable) ; Christel � incitation mensuelle de 4 % du revenu net du MPP plus prime annuelle de 1 % du revenu net du MPP au-delà de 1 million de dollars ; Comps � objectif de prime annuelle de 100 % du salaire ; Howes � objectif de prime annuelle de 50 % du salaire.

Protection en cas de licenciement

  • Licenciement sans cause ou pour motif valable : multiplicateur appliqué à (salaire + prime cible/moyenne). Les multiplicateurs sont de 1,5× pour Christel et Comps, et de 1,0× pour Butler et Howes.
  • Licenciements en cas de changement de contrôle (dans les 12 mois) : les multiplicateurs passent à 2,0× pour Christel et Comps, et à 1,5× pour Butler et Howes.
  • L’entreprise prend en charge les primes COBRA pendant 18 mois ; les cadres doivent signer une décharge et respecter une clause de non-concurrence/non-sollicitation d’un an.

Les accords remplacent les contrats antérieurs de Christel (2017) et Comps (2020). Les paiements sont soumis à un éventuel ajustement fiscal lié à la taxe sur les parachutes dorés afin d’optimiser le bénéfice net des cadres.

Aucune métrique financière immédiate n’a été fournie, mais les contrats officialisent la rétention de la haute direction et prévoient des coûts variables potentiellement plus élevés liés à la rentabilité de l’unité. Les accords complets seront déposés avec le formulaire 10-Q du deuxième trimestre 2025.

Northpointe Bancshares, Inc. (NYSE: NPB) reichte am 26. Juni 2025 ein 8-K ein und gab neue dreijährige Arbeitsverträge für vier wichtige Führungskräfte bekannt. Die Verträge betreffen Amy M. Butler (EVP National Sales), David J. Christel (Präsident, Hypothekenkaufprogramm), Kevin J. Comps (Präsident, Unternehmen & Bank) und Brad T. Howes (EVP & CFO). Jeder Vertrag verlängert sich automatisch um jeweils ein weiteres Jahr, sofern keine schriftliche Kündigung 90 Tage vor Ablauf erfolgt.

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  • Grundgehälter: Butler $200k; Christel $175k; Comps $400k; Howes $300k (alle unterliegen einer jährlichen Überprüfung).
  • Leistungsanreize: Butler � vierteljährlicher Anreiz in Höhe des höheren Betrags von $75k oder 2 % des vierteljährlichen Nettogewinns aus Wohnungsdarlehen (bei Profitabilität); Christel � monatlicher Anreiz von 4 % des MPP-Nettogewinns plus jährlicher Bonus von 1 % des MPP-Nettogewinns über $1 Mio.; Comps � jährliches Bonusziel von 100 % des Gehalts; Howes � jährliches Bonusziel von 50 % des Gehalts.

Abfindungsschutz

  • Kündigung ohne Grund oder aus wichtigem Grund: Multiplikator angewandt auf (Gehalt + Ziel-/Durchschnittsbonus). Multiplikatoren betragen 1,5× für Christel & Comps und 1,0× für Butler & Howes.
  • Kündigungen bei Kontrollwechsel (innerhalb von 12 Monaten): Multiplikatoren steigen auf 2,0× für Christel & Comps und 1,5× für Butler & Howes.
  • Das Unternehmen übernimmt COBRA-Prämien für 18 Monate; die Führungskräfte müssen eine Freistellung unterschreiben und eine einjährige Wettbewerbs- und Abwerbeverbotsklausel einhalten.

Die Vereinbarungen ersetzen frühere Verträge von Christel (2017) und Comps (2020). Zahlungen unterliegen möglichen Kürzungen durch Abgaben auf Abfindungszahlungen, um den Nettovorteil für die Führungskräfte zu maximieren.

Es wurden keine unmittelbaren finanziellen Kennzahlen angegeben, aber die Verträge formalisieren die Bindung der Führungsebene und skizzieren potenziell höhere variable Vergütungskosten, die an die Profitabilität der Einheit gekoppelt sind. Die vollständigen Vereinbarungen werden mit dem Formular 10-Q für das zweite Quartal 2025 eingereicht.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Smith Maurice S

(Last) (First) (Middle)
3000 N. SAM HOUSTON PARKWAY E.

(Street)
HOUSTON TX 77032

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
HALLIBURTON CO [ HAL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/27/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Equivalent Units (1) 06/27/2025 A 1,653.003(2) (3) (3) Common Stock 1,653.003 (4) 10,356.714 D
12/2024 Restricted Stock Units (5) (6) (6) Common Stock 6,183.76(7) 6,183.76(7) D
12/2023 Restricted Stock Units (5) (6) (6) Common Stock 5,005.37(7) 5,005.37(7) D
03/2023 Restricted Stock Units (5) (6) (6) Common Stock 4,000.4(7) 4,000.4(7) D
Explanation of Responses:
1. The security converts to common stock on a one-for-one basis.
2. Stock equivalents acquired under the Halliburton Company Directors' Deferred Compensation Plan reported on a pro-rata basis to reflect Issuer's Plan quarter. Said Plan is an ongoing securities acquisition plan.
3. The stock equivalent units were accrued under the Company's Directors' Deferred Compensation Plan and are settled in the Company's common stock following cessation as a director.
4. A portion of the stock equivalents are attributable to quarterly dividends and a portion are attributable to quarterly fees and are based on the closing price on March 25, 2025 of $20.26 and March 27, 2025 of $20.57.
5. Each restricted stock unit represents a right to receive one share of the Company common stock.
6. The restricted stock units vest in one year on the first anniversary of the award. Shares will be delivered to the reporting person either upon vesting, or if reporting person elected to defer receipt, following cessation as a director.
7. Includes stock equivalent units through June 30, 2025.
/s/ Sarah I. Rubenfeld, by Power of Attorney 07/01/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What are the new base salaries for Northpointe Bancshares executives?

Base salaries: Butler $200k, Christel $175k, Comps $400k, Howes $300k.

How are incentive bonuses structured under the new NPB agreements?

Butler earns the greater of $75k or 2 % of residential-lending profit per quarter; Christel gets 4 % of MPP monthly profit plus 1 % of annual profit above $1 m; Comps and Howes target 100 % and 50 % of salary respectively.

What severance multiples apply if an NPB executive is terminated after a change in control?

Multiples increase to 2.0× for Christel & Comps and 1.5× for Butler & Howes.

How long do the new employment agreements last?

Initial term is three years, automatically renewing for one-year terms unless 90-days� notice of non-renewal is given.

Do the agreements include non-compete clauses?

Yes, each executive must observe a one-year non-compete and non-solicitation covenant post-termination.
Halliburton

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Oil & Gas Equipment & Services
Oil & Gas Field Services, Nec
United States
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