Form 4: Schlumberger Executive Receives Restricted Stock Units

Schlumberger's Executive Vice President and CFO, Stephane Biguet, was granted 24,826 restricted stock units (RSUs) on January 15, 2025.

Summary

• Stephane Biguet, Executive Vice President and CFO of Schlumberger Limited, 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 routine executive compensation event, which is generally positive for aligning management and shareholder interests. There are no indications of negative sentiment.

Positives

• The grant of RSUs 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 RSUs 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 RSUs in 2028, subject to continued employment.

Industry Context

The granting of restricted stock units is a common practice in executive compensation packages within the oil and gas services industry, aligning executive interests with company performance and shareholder value.

Comparison to Industry Standards

• Companies like Halliburton (HAL) and Baker Hughes (BKR) also use restricted stock units as part of their executive compensation packages.
• The vesting period of three years is fairly standard for RSU grants in the industry, encouraging long-term commitment from executives.
• The number of RSUs granted is likely based on the executive's role, performance, and the company's overall compensation strategy, which is typical for the industry.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive sign of aligning executive interests with company performance.
• Employees may see the RSU grant as a standard part of executive compensation.

Next Steps

• The executive will continue to work at Schlumberger until the vesting date.
• The company will issue shares of common stock to the executive upon vesting of the RSUs.

Key Dates

Keywords

restricted stock units, RSU, stock grant, executive compensation, Schlumberger, Stephane Biguet, vesting