Form 4: Schlumberger Executive Kevin Fyfe Reports Share Transactions

Kevin Fyfe, VP & Treasurer of Schlumberger, reports the acquisition and disposal of company shares on March 7, 2025, following the final determination of performance share units (PSUs).

Summary

• On March 7, 2025, Kevin Fyfe, VP & Treasurer of Schlumberger, reported transactions involving Schlumberger Limited/NV [SLB] common stock.
• Fyfe acquired 2,846 shares of common stock at $0, and disposed of 1,120 shares at $40.87.
• These transactions resulted in Fyfe owning 49,543 shares of common stock following the reported transactions.
• The acquisition of shares is related to the vesting of performance share units (PSUs) granted on January 19, 2022, based on the company's performance relative to key competitors over three years.
• The final number of shares earned under the PSUs was determined after all competitors reported their 2024 audited financial results.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are part of a standard compensation plan and don't necessarily indicate a positive or negative outlook for the company.

Positives

• The vesting of PSUs indicates that the company met certain performance targets relative to its competitors.

Industry Context

Executive share transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's confidence in the company's future performance. The vesting of PSUs is tied to company performance relative to its competitors, indicating a competitive landscape.

Comparison to Industry Standards

• Performance share units (PSUs) are a common form of executive compensation in the oilfield services industry, aligning executive incentives with company performance relative to peers.
• Companies like Halliburton (HAL) and Baker Hughes (BKR) also utilize similar equity-based compensation plans for their executives.
• The specific vesting criteria and performance metrics vary by company, but generally focus on metrics such as revenue growth, profitability, and return on capital compared to a defined peer group.

Stakeholder Impact

• The vesting of PSUs rewards executives for achieving performance goals, which can benefit shareholders through increased company value.
• The transactions themselves have a minimal direct impact on other stakeholders.

Key Dates