Form 4: Schlumberger Executive Receives Restricted Stock Units

Khaled Al Mogharbel, an Executive Vice President at Schlumberger, was granted 24,826 restricted stock units on January 15, 2025.

Summary

• Khaled Al Mogharbel, an Executive Vice President at Schlumberger, received 24,826 restricted stock units (RSUs) on January 15, 2025.
• These RSUs represent the right to receive one share of Schlumberger common stock per unit upon settlement.
• The RSUs will vest 100% on January 15, 2028.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management interests with shareholders. There are no negative implications.

Positives

• The grant of restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting period of three years encourages long-term performance and retention.

Risks

• The value of the restricted stock units is dependent on the future performance of Schlumberger's stock price.
• The executive may not receive the full value of the RSUs if they leave the company before the vesting date.

Future Outlook

The executive will receive shares of common stock upon vesting of the restricted stock units in 2028.

Industry Context

Stock-based compensation is a common practice in the oil and gas industry to incentivize and retain key executives.

Comparison to Industry Standards

• Granting restricted stock units is a standard practice for executive compensation across the oil and gas industry, similar to companies like Halliburton (HAL) and Baker Hughes (BKR).
• The vesting period of three years is also typical for such grants, aligning with long-term performance goals.
• The number of units granted is specific to the executive's role and performance, and would need to be compared to similar roles at peer companies to assess its relative value.

Stakeholder Impact

• Shareholders may view this as a positive sign of aligning executive interests with company performance.
• Employees may see this as a standard practice for executive compensation.

Key Dates

Keywords

restricted stock units, RSU, stock grant, executive compensation, Schlumberger, SLB, equity