Form 4: Schlumberger Director Tatiana Mitrova Reports Acquisition and Disposal of Common Stock

Director Tatiana Mitrova reports changes in beneficial ownership of Schlumberger Limited common stock, including acquisition of shares under the company's stock and deferral plan.

Summary

• Tatiana Mitrova, a director of Schlumberger Limited, filed a Form 4 with the SEC on May 3, 2024, reporting changes in her beneficial ownership of the company's common stock.
• On May 1, 2024, Ms. Mitrova acquired 4,001 shares of common stock under the Schlumberger Limited 2004 Stock and Deferral Plan for Non-Employee Directors.
• On the same day, she also disposed of an unspecified number of shares.
• Following these transactions, Ms. Mitrova beneficially owns 36,995 shares of Schlumberger Limited common stock.
• Ms. Mitrova also has a Power of Attorney designating Dianne B. Ralston, Samantha Blons, and LaToyia Tilley as her attorneys-in-fact to handle SEC filings related to her holdings and transactions in Schlumberger securities.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider transactions.

Positives

• The acquisition of shares by a director could be interpreted as a positive signal, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's view of the company's prospects.

Comparison to Industry Standards

• Monitoring insider transactions is a standard practice in corporate governance, with companies like Halliburton (HAL) and Baker Hughes (BKR) also subject to similar reporting requirements for their directors and officers.
• The Schlumberger Limited 2004 Stock and Deferral Plan for Non-Employee Directors is similar to equity compensation plans offered by other large corporations to attract and retain talent.

Stakeholder Impact

• The reported transactions may influence investor perception of Schlumberger Limited, potentially affecting the company's stock price.

Key Dates