Form 4: Schlumberger Executive Katharina Beumelburg Reports Stock Transactions

Katharina Beumelburg, Chief Sustainability Officer of Schlumberger, reports acquisition and disposal of company stock related to performance share units.

Summary

• Katharina Beumelburg, Chief Sustainability Officer of Schlumberger, filed a Form 4 detailing changes in beneficial ownership of Schlumberger stock.
• On March 1, 2024, Ms. Beumelburg acquired 4,685 shares of common stock related to performance share units (PSUs) granted on May 17, 2021.
• The vesting of these PSUs was based on Schlumberger's performance over three years relative to key competitors.
• The company's compensation committee initially approved the issuance of 80% of the shares in January 2024, pending final audited financial results from competitors.
• Following the reporting of all competitor results, the final share allocation was determined.
• On the same day, Ms. Beumelburg disposed of 1,844 shares at a price of $49.26 per share.
• Following these transactions, Ms. Beumelburg directly owns 18,422 shares and indirectly owns 110 shares through a spouse.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often related to compensation packages and performance-based incentives. This filing provides transparency into the holdings and transactions of a key executive at Schlumberger.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates