Form 4: Schlumberger Executive Ugo Prechner Reports Stock Transactions

Schlumberger's VP Controller, Ugo Prechner, reported multiple transactions involving company stock, including the vesting of restricted stock units and sales of shares.

Summary

• Ugo Prechner, VP Controller at Schlumberger, reported several transactions involving the company's common stock.
• On January 17, 2025, 2,754 restricted stock units (RSUs) vested, converting into 2,754 shares of common stock.
• Also on January 17, 2025, 817 shares were disposed of at a price of $43.05 per share.
• On January 21, 2025, 7,000 shares were sold at a price of $44.205 per share.
• Following these transactions, Mr. Prechner directly owns 11,240 shares of Schlumberger common stock.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions, which is neither positive nor negative in itself. It reflects standard executive compensation and trading activity.

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 into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and Schlumberger's filing is consistent with these requirements.
• Similar filings are made by executives at companies like Halliburton (HAL) and Baker Hughes (BKR) when they trade their company's stock.

Stakeholder Impact

• The transactions may have a minor impact on the stock price due to the sale of shares by an executive, but this is likely to be minimal given the relatively small volume of shares traded compared to the overall market capitalization of Schlumberger.

Key Dates

Keywords

Schlumberger, stock transactions, restricted stock units, insider trading, SEC Form 4, equity securities, Ugo Prechner