Form 4: Schlumberger Executive Al Mogharbel Khaled Reports Share Transactions

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 7, 2025.
• He acquired 12,451 shares of common stock at $0, related to performance share units (PSUs).
• He disposed of 4,900 shares at $40.87, resulting in a final holding of 192,177 shares.
• The transactions relate to the vesting of PSUs granted on January 19, 2022, based on Schlumberger's performance relative to competitors.
• The final share determination was made after all competitors reported their 2024 audited financial results.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing share transactions by an executive. It doesn't inherently convey positive or negative sentiment, but the vesting of PSUs suggests the company met certain performance goals.

Positives

• The vesting of performance share units indicates that Schlumberger achieved certain performance targets relative to its competitors.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It reflects the compensation structure and performance-based incentives for executives at Schlumberger.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve a relatively small number of shares compared to the company's total outstanding shares.
• The vesting of PSUs incentivizes the executive to continue driving company performance.

Key Dates