Form 4: Schlumberger EVP Gassen Exercises Restricted Stock Units, Boosts Direct Holdings

Schlumberger Limited/NV Executive Vice President Steve Matthew Gassen acquired 12,440 shares of common stock through the vesting of Restricted Stock Units, while simultaneously disposing of 3,108 shares for tax obligations.

Summary

• Steve Matthew Gassen, Executive Vice President of Geographies at Schlumberger Limited/NV (SLB), acquired 12,440 shares of common stock on July 20, 2025, through the exercise of Restricted Stock Units (RSUs).
• The RSUs were granted on July 20, 2022, and vested 100% on July 20, 2025.
• Concurrently, 3,108 shares were disposed of at a price of $34.14 per share to satisfy tax withholding obligations related to the RSU vesting.
• Following these transactions, Mr. Gassen directly beneficially owns 52,437 shares of Schlumberger common stock.
• His direct holdings include 321 shares acquired under the SLB discounted stock purchase plan for the period ended June 30, 2025.
• Additionally, Mr. Gassen indirectly beneficially owns 5,642 shares through the SLB Stock Fund.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it reflects a routine executive compensation event where an executive is receiving shares, indicating continued alignment with company performance. The sale of shares for tax is a standard, neutral event.

Positives

• The vesting of Restricted Stock Units indicates the successful payout of long-term incentive compensation to a key executive.
• The executive's direct beneficial ownership of 52,437 shares demonstrates continued alignment of interests with shareholders.

Negatives

• A portion of the vested shares (3,108 shares) was sold to cover tax liabilities, which is a standard practice but reduces the net shares acquired.

Future Outlook

This filing is a report of a past executive stock transaction and does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This transaction represents a routine executive compensation event within the energy services industry, where Restricted Stock Units are a common component of long-term incentive plans designed to align executive interests with shareholder value creation.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a form of executive compensation is a standard practice across the energy services sector and broader corporate landscape, comparable to practices at companies like Halliburton (HAL) or Baker Hughes (BKR).
• The disposition of shares to cover tax withholding upon RSU vesting is a common and expected procedure for equity compensation, consistent with industry benchmarks for managing executive stock awards.

Stakeholder Impact

• Shareholders: The transaction is a routine executive compensation event and does not directly impact the company's operational or financial performance. It reflects the executive's continued equity ownership.
• Employees: No direct impact on general employees is indicated by this filing.
• Management: The executive, Steve Matthew Gassen, has received a significant portion of his long-term incentive compensation, reinforcing his stake in the company's future.

Key Dates

Keywords

Schlumberger, SLB, Form 4, Insider Transaction, Restricted Stock Units, Executive Compensation, Stock Vesting, Corporate Governance