Form 4: Schlumberger Executive Tarek Rizk Reports Stock Transactions

Tarek Rizk, Chief Performance Officer of Schlumberger, reports the acquisition and disposal of company stock following the vesting of performance share units.

Summary

• On March 7, 2025, Tarek Rizk, Chief Performance Officer of Schlumberger, acquired 3,557 shares of common stock.
• These shares were issued upon achievement of performance criteria and vesting of performance share units granted on January 19, 2022.
• Rizk also disposed of 14,812 shares.
• Following these transactions, Rizk's beneficial ownership of Schlumberger stock changed.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive stock transactions, and it doesn't inherently convey positive or negative sentiment. It's a neutral disclosure.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Schlumberger. It provides transparency to investors regarding the alignment of executive incentives with company performance.

Comparison to Industry Standards

• Executive compensation packages including performance share units are standard practice among large, publicly traded companies like Schlumberger.
• Companies such as Halliburton (HAL) and Baker Hughes (BKR) also utilize similar equity-based compensation to incentivize their executives.
• The vesting of these units is typically tied to specific performance metrics, aligning executive interests with shareholder value.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and alignment with company performance.
• It may have a minor impact on the overall stock supply and demand.

Key Dates