Form 4: Schlumberger Director Patrick de La Chevardiere Reports Acquisition of Common Stock

Director Patrick de La Chevardiere reports acquiring 4,001 shares of Schlumberger Limited common stock on May 1, 2024, pursuant to the company's stock and deferral plan for non-employee directors.

Summary

• Patrick de La Chevardiere, a director of Schlumberger Limited, filed a Form 4 with the SEC.
• The report indicates that on May 1, 2024, Mr. de La Chevardiere acquired 4,001 shares of Schlumberger Limited common stock at a price of $0 per share.
• This acquisition was made under the Schlumberger Limited 2004 Stock and Deferral Plan for Non-Employee Directors.
• Following the transaction, Mr. de La Chevardiere beneficially owns 32,811 shares of Schlumberger Limited common stock.
• The filing also includes a power of attorney, effective January 17, 2024, authorizing Dianne B. Ralston, Samantha Blons, and LaToyia Tilley to act on his behalf for SEC filings related to Schlumberger securities.

Sentiment

Score: 6

Explanation: The document is a neutral regulatory filing. The director's stock acquisition is a mildly positive signal, but the document itself doesn't convey strong positive or negative sentiment.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies like Schlumberger. These filings provide transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Director stock ownership is a common practice across the oilfield services industry, with companies like Halliburton and Baker Hughes also having similar stock ownership and compensation plans for their directors.
• The reporting requirements under Section 16 of the Securities Exchange Act are standard for all publicly traded companies in the US.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals confidence from a company director.

Key Dates