Form 4: Schlumberger Chief Technology Officer Reports Sale of Common Stock

Demosthenis Pafitis, Chief Technology Officer of Schlumberger, reported the sale of 63,095 shares of common stock at an average price of $48.26 on May 14, 2024.

Summary

• On May 14, 2024, Demosthenis Pafitis, the Chief Technology Officer of Schlumberger Limited, reported a transaction involving the company's common stock.
• Pafitis sold 63,095 shares of Schlumberger common stock at a weighted average price of $48.26 per share.
• The sale was executed in multiple trades with prices ranging from $48.25 to $48.295.
• Following the reported transaction, Pafitis directly owns 33,421 shares and indirectly owns 710 shares through his spouse.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a stock sale by an executive. The sentiment is neither positive nor negative without additional context.

Industry Context

This is a routine disclosure of insider trading activity. It is important to monitor such filings to understand management's perspective on the company's stock and future prospects. However, one sale does not indicate a trend.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, but it is a common occurrence and doesn't necessarily indicate a negative outlook for the company.

Key Dates