Form 4: Schlumberger Executive Stephane Biguet Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP & CFO of Schlumberger, Stephane Biguet, reports transactions involving common stock and performance share units.
Summary
- On March 7, 2025, Stephane Biguet, EVP & CFO of Schlumberger, reported changes in beneficial ownership of Schlumberger Limited/NV [SLB] common stock.
- Biguet acquired 12,451 shares of common stock at $0, and disposed of 4,900 shares at $40.87.
- Following these transactions, Biguet directly owns 214,137 shares of Schlumberger common stock.
- The acquisition of shares relates to the final determination of performance share units (PSUs) granted on January 19, 2022, based on the company's performance relative to key competitors over a three-year period.
- The initial issuance of shares was based on preliminary data, with the final amount adjusted after all competitors reported their 2024 audited financial results.
Sentiment
Score: 6
Explanation: The document is a standard SEC filing related to executive compensation. It doesn't contain overtly positive or negative information, but the vesting of PSUs suggests the company met certain performance goals.
Positives
- The vesting of performance share units indicates that the company met certain performance targets relative to its competitors.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It reflects the alignment of executive incentives with company performance.
Comparison to Industry Standards
- Performance share units are a common form of executive compensation in the oilfield services industry, aligning executive pay with company performance relative to peers.
- Companies like Halliburton (HAL) and Baker Hughes (BKR) also utilize similar performance-based equity compensation plans for their executives.
- The vesting of PSUs based on a three-year performance period is a standard practice to incentivize long-term value creation.
Stakeholder Impact
- The vesting of performance share units aligns executive interests with shareholder value creation.
- The disclosure provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 2022-01-19 | Date of grant for performance share units (PSUs). |
| 2025-01 | Company's compensation committee met to certify performance under the PSUs. |
| 2025-03-07 | Date of transaction for common stock acquisition and disposition. |
| 2025-03-11 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.