Form 4: Schlumberger Executive Stephane Biguet Reports Stock Transactions
SEC Form 4 Filing
Schlumberger's EVP & CFO, Stephane Biguet, reports multiple transactions involving company stock, including acquisitions and disposals, on January 17th and 21st, 2025.
Summary
- Stephane Biguet, EVP & CFO of Schlumberger, reported several transactions involving the company's common stock.
- On January 17, 2025, Biguet acquired 74,836 shares of common stock at $0, and 24,414 shares at $0 due to the vesting of performance share units and restricted stock units.
- Also on January 17, 2025, 29,613 shares were disposed of at $43.05 per share and 9,607 shares were disposed of at $43.05 per share to cover tax obligations.
- On January 21, 2025, Biguet sold 45,000 shares at $43.87 per share.
- Following these transactions, Biguet beneficially owns 206,586 shares of Schlumberger common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no indication of positive or negative sentiment. It is a routine filing.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and trading activity.
Comparison to Industry Standards
- Executive stock transactions are a common occurrence in publicly traded companies like Schlumberger, which is a major player in the oilfield services industry.
- Similar filings are regularly made by executives at companies such as Halliburton (HAL) and Baker Hughes (BKR), which are direct competitors of Schlumberger.
- The vesting of performance share units and restricted stock units is a standard practice in executive compensation packages across the industry.
- The sale of shares to cover tax obligations is also a typical transaction following the vesting of equity awards.
Stakeholder Impact
- The transactions may have a minor impact on the stock price, but are unlikely to significantly affect shareholders.
- The transactions are part of the executive's compensation and do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/17/2025 | Date of multiple transactions including acquisition of shares from vesting and disposal of shares for tax obligations. |
| 01/19/2022 | Date of grant for performance share units and restricted stock units that vested on January 17, 2025. |
| 01/21/2025 | Date of sale of 45,000 shares and date of signature of the SEC Form 4. |
Keywords
Schlumberger, SLB, stock transactions, insider trading, SEC Form 4, Stephane Biguet, executive compensation, share vesting, stock disposal
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