Form 4: Schlumberger Executive Katharina Beumelburg Reports Stock Transactions
SEC Form 4 Filing
Katharina Beumelburg, Chief Sustainability Officer of Schlumberger, reports the vesting and disposal of restricted stock units.
Summary
- Katharina Beumelburg, Chief Sustainability Officer of Schlumberger Limited, filed a Form 4 detailing changes in beneficial ownership.
- On May 17, 2024, Ms. Beumelburg vested 8,270 and 9,450 restricted stock units (RSUs), which converted into common stock.
- She disposed of 6,974 shares of common stock at a price of $48.53 per share to cover tax obligations.
- Following these transactions, Ms. Beumelburg directly owns 29,168 shares of Schlumberger common stock and indirectly owns 110 shares through her spouse.
Sentiment
Score: 5
Explanation: The document reflects standard executive compensation practices and doesn't indicate any unusual or concerning activity.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies like Schlumberger.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they relate to standard executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/17/2021 | Date the restricted stock unit awards were granted. |
| 05/17/2022 | One-third of the first restricted stock unit award vested. |
| 05/17/2023 | One-third of the first restricted stock unit award vested. |
| 05/17/2024 | Date of the reported transactions: vesting of RSUs and disposal of shares. |
| 05/20/2024 | Date of the Form 4 filing. |
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