Form 4: Schlumberger CEO Olivier Le Peuch Awarded 83,031 Restricted Stock Units

Schlumberger CEO Olivier Le Peuch was granted 83,031 restricted stock units (RSUs) that will vest on January 15, 2028.

Summary

• Schlumberger CEO Olivier Le Peuch received 83,031 restricted stock units (RSUs) on January 15, 2025.
• These RSUs represent the right to receive one share of common stock per unit upon settlement.
• The RSUs will vest 100% on January 15, 2028.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management and shareholder interests. There is no indication of any negative sentiment.

Positives

• The grant of RSUs aligns the CEO's interests with those of the shareholders.
• The vesting period of three years encourages long-term performance.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Industry Context

This type of equity compensation is common practice for executive leadership in publicly traded companies, particularly in the oil and gas services sector.

Comparison to Industry Standards

• Equity grants, such as RSUs, are a standard component of executive compensation packages in the oil and gas industry.
• Companies like Halliburton and Baker Hughes also use similar equity-based incentives to align executive interests with shareholder value.
• The vesting period of three years is typical for RSU grants, ensuring long-term commitment from the executive.

Stakeholder Impact

• The RSU grant aligns the CEO's interests with those of shareholders, potentially leading to increased shareholder value.
• The vesting period encourages long-term strategic decision-making by the CEO.

Key Dates

Keywords

Schlumberger, CEO, Olivier Le Peuch, Restricted Stock Units, RSU, Equity Compensation, Stock Grant, Executive Compensation