Form 4: Schlumberger Executive Reports Stock Transactions
SEC Form 4 Filing
EVP Abdellah Merad reports the vesting and conversion of restricted stock units into common stock, along with a disposition of shares to cover tax obligations.
Summary
- On April 19, 2025, Abdellah Merad, an Executive Vice President at Schlumberger, reported transactions involving the company's common stock.
- Merad converted 1,799 restricted stock units (RSUs) into 1,799 shares of common stock.
- Simultaneously, 708 shares were disposed of to satisfy tax withholding obligations at a price of $34.8 per share.
- Following these transactions, Merad directly owns 219,050 shares of Schlumberger common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they represent a small portion of the total outstanding shares.
- The transactions are part of the executive's compensation package.
Key Dates
| Date | Description |
|---|---|
| April 19, 2022 | Restricted stock unit award was granted. |
| April 19, 2025 | Restricted stock units vested and converted to common stock; shares disposed of for tax obligations. |
| April 22, 2025 | Date of signature for the Form 4 filing. |
Keywords
Schlumberger, SLB, Form 4, Stock Transaction, Restricted Stock Units, RSU, Beneficial Ownership, Abdellah Merad
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