Form 4: Schlumberger Executive Al Mogharbel Khaled Reports Share Transactions
SEC Form 4 Filing
EVP Khaled Al Mogharbel reports acquisition and disposal of Schlumberger shares related to performance share units.
Summary
- Khaled Al Mogharbel, an Executive Vice President at Schlumberger, reported transactions involving the company's common stock on March 1, 2024.
- The transactions involved the acquisition of 18,380 shares and the disposal of 7,233 shares.
- The acquisition of 18,380 shares was related to performance share units (PSUs) granted on January 20, 2021, vesting based on the company's performance relative to competitors.
- The disposal of 7,233 shares was priced at $49.26 per share.
- Following these transactions, Al Mogharbel directly owns 368,367 shares of Schlumberger common stock.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing detailing share transactions by an executive. It doesn't contain overtly positive or negative information, but the vesting of PSUs suggests the company met some performance goals.
Positives
- The vesting of performance share units indicates that Schlumberger met certain performance targets relative to its competitors.
Industry Context
This filing is a routine disclosure related to executive compensation and share ownership, common in publicly traded companies like Schlumberger. It provides transparency into the alignment of executive incentives with company performance.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
Key Dates
| Date | Description |
|---|---|
| January 20, 2021 | Date of grant for performance share units (PSUs). |
| January 2024 | Company's compensation committee met to certify performance under the PSUs. |
| March 1, 2024 | Date of the reported transactions (acquisition and disposal of shares). |
| March 5, 2024 | Date of signature for the Form 4 filing. |
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