Form 4: Schlumberger Executive Dianne B. Ralston Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Dianne B. Ralston, Chief Legal Officer & Secretary of Schlumberger, reports changes in beneficial ownership of company stock following the final determination of performance share units (PSUs) earned.
Summary
- Dianne B. Ralston, Schlumberger's Chief Legal Officer & Secretary, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
- On March 1, 2024, she acquired 16,805 shares of common stock at $0, related to the final vesting of performance share units (PSUs) granted on January 20, 2021.
- Also on March 1, 2024, she disposed of 6,613 shares at a price of $49.26.
- Following these transactions, Ralston directly owns 219,841 shares of Schlumberger common stock.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing detailing stock 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, which is mildly positive.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Schlumberger. It provides transparency into the holdings of key personnel.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- It assures stakeholders that executive compensation is tied to company performance.
Key Dates
| Date | Description |
|---|---|
| January 20, 2021 | Date the performance share units (PSUs) were granted to the reporting person. |
| January 2024 | Company's compensation committee met to certify performance under the PSUs and approved the issuance of 80% of the shares. |
| March 1, 2024 | Date of the reported transactions: acquisition of 16,805 shares and disposition of 6,613 shares. |
| March 5, 2024 | Date of the signature on the Form 4 filing. |
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