Form 4: Schlumberger Executive Rakesh Jaggi Reports Acquisition of Restricted Stock Units

Rakesh Jaggi, a Schlumberger executive, reported the acquisition of 1,625 restricted stock units (RSUs) on April 15, 2025, according to a Form 4 filing with the SEC.

Summary

• Rakesh Jaggi, Pres Digital & Integration at Schlumberger, filed a Form 4 with the SEC.
• The filing reports a transaction that occurred on April 15, 2025.
• Jaggi acquired 1,625 Restricted Stock Units (RSUs) which convert to common stock.
• These RSUs vest 100% on April 15, 2028.
• Following the reported transaction, Jaggi directly owns 1,625 derivative securities.
• Jaggi also directly owns 74,170 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard regulatory filing related to executive compensation. The acquisition of RSUs is generally a positive sign, but it's a routine event.

Positives

• The acquisition of RSUs by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The document does not contain any specific forward-looking statements or guidance regarding Schlumberger's future performance.

Industry Context

This filing is a routine disclosure related to executive compensation and is common in publicly traded companies. It reflects part of Schlumberger's compensation strategy to align executive interests with shareholder value through equity-based awards.

Stakeholder Impact

• The acquisition of RSUs by a key executive could positively influence shareholder sentiment, reflecting confidence in the company's prospects.

Key Dates

Keywords

Form 4, SEC, Schlumberger, RSU, Restricted Stock Units, Beneficial Ownership, Rakesh Jaggi, SLB