Form 4: Schlumberger Director Patrick de La Chevardiere Reports Stock Sales

Director Patrick de La Chevardiere reported selling shares of Schlumberger Limited in two transactions during May and September 2024.

Summary

• Patrick de La Chevardiere, a director of Schlumberger Limited, filed a Form 4 detailing changes in beneficial ownership.
• On May 3, 2024, he sold 2,000 shares of common stock at a weighted average price of $47.2768 per share.
• On September 4, 2024, he sold 8,000 shares of common stock at a weighted average price of $41.9377 per share.
• Following these transactions, de La Chevardiere directly owns 22,811 shares of Schlumberger Limited.
• The reporting person undertakes to provide full information regarding the number of shares and prices at which the transaction was effected, upon request to the SEC staff, the issuer or security holder of the issuer.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock sales. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in the oilfield services industry where Schlumberger operates.

Stakeholder Impact

• The stock sales by a director could be perceived negatively by some shareholders, but the impact is likely minimal given the relatively small number of shares sold compared to the company's overall market capitalization.

Key Dates