Form 4: Schlumberger Executive Demosthenis Pafitis Reports Stock Transactions
SEC Form 4 Filing
Demosthenis Pafitis, Chief Technology Officer of Schlumberger, reports the vesting and disposal of restricted stock units and associated tax withholding.
Summary
- On April 19, 2025, Demosthenis Pafitis, Chief Technology Officer of Schlumberger, reported transactions involving Schlumberger Limited/NV [SLB] common stock.
- A total of 2,998 restricted stock units (RSUs) vested on April 19, 2025, each representing the right to receive one share of common stock.
- Also on April 19, 2025, 1,424 shares were disposed of to cover tax obligations at a price of $34.8 per share.
- Following these transactions, Pafitis directly owns 80,209 shares of Schlumberger common stock and indirectly owns 710 shares through a spouse.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies like Schlumberger. These transactions are subject to regulatory scrutiny to prevent insider trading.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/19/2022 | Restricted stock unit award was granted. |
| 04/19/2025 | Date of earliest transaction, vesting of RSUs, and disposal of shares for tax obligations. |
| 04/22/2025 | Date of signature by Attorney-in-Fact. |
Keywords
Schlumberger, SLB, Demosthenis Pafitis, Chief Technology Officer, stock transaction, Form 4, restricted stock units, RSU, beneficial ownership, insider trading
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