Form 4: Schlumberger Executive Vijay Kasibhatla Reports Changes in Beneficial Ownership

Vijay Kasibhatla, a Schlumberger executive, reports the acquisition and disposal of company stock following the final determination of performance share units (PSUs).

Summary

• On March 7, 2025, Vijay Kasibhatla, a Director, M&A at Schlumberger, reported changes in beneficial ownership of Schlumberger stock.
• This involves the acquisition of 2,846 shares of common stock at $0, related to performance share units (PSUs) granted on January 19, 2022.
• The vesting of these PSUs was based on Schlumberger's performance over three years compared to key competitors.
• The final number of shares earned was determined after all competitors reported their 2024 audited financial results.
• Additionally, 1,338 shares were disposed of at a price of $40.87.
• Following these transactions, Kasibhatla directly owns 51,103 shares of Schlumberger.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to executive compensation and stock ownership. The vesting of PSUs suggests the company met some performance goals, but the disposal of shares is a normal part of executive financial management.

Positives

• The vesting of PSUs indicates that Schlumberger met certain performance targets relative to its competitors over the three-year period.

Future Outlook

There is no specific future outlook provided in this document.

Industry Context

This filing reflects standard executive compensation practices within the oilfield services industry, where performance-based equity awards are common to align management interests with shareholder value.

Comparison to Industry Standards

• Performance share units are a common form of executive compensation in the oil and gas industry, used by companies like Halliburton and Baker Hughes to incentivize performance.
• The three-year vesting period is also typical for these types of awards.
• The specific performance metrics used for vesting would need to be compared to those of other companies to assess the relative difficulty of achieving the targets.

Stakeholder Impact

• The vesting of PSUs aligns executive compensation with company performance, which is generally viewed positively by shareholders.
• The transactions themselves have a minimal direct impact on other stakeholders.

Key Dates