Form 4: Schlumberger Executive Vijay Kasibhatla Reports Stock Transactions
SEC Form 4 Filing
Schlumberger executive Vijay Kasibhatla reports multiple transactions involving company stock, including acquisitions and disposals, on January 17th and 21st, 2025.
Summary
- Vijay Kasibhatla, a Schlumberger executive, reported several transactions involving the company's common stock.
- On January 17, 2025, Kasibhatla acquired 17,104 shares of common stock at $0, and 5,580 shares at $0 due to the vesting of restricted stock units.
- Also on January 17, 2025, 8,041 shares were disposed of at $43.05 per share and 2,623 shares were disposed of at $43.05 per share.
- On January 21, 2025, Kasibhatla sold 25,000 shares at $43.94 per share.
- Following these transactions, Kasibhatla beneficially owns 49,595 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 practice in publicly traded companies. It provides transparency into the trading activities of insiders.
Comparison to Industry Standards
- SEC Form 4 filings are standard practice for reporting insider transactions in publicly traded companies like Schlumberger.
- The transactions reported are typical for executives who receive stock-based compensation, such as restricted stock units and performance share units.
- The reported prices are within the range of typical market fluctuations for a company like Schlumberger.
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 package and do not directly impact employees, customers, or suppliers.
Key Dates
| Date | Description |
|---|---|
| 01/17/2025 | Date of multiple transactions including acquisition of shares from vesting of performance share units and restricted stock units, and disposal of shares. |
| 01/19/2022 | Date of grant for the restricted stock unit award that vested on January 19, 2025. |
| 01/21/2025 | Date of sale of 25,000 shares and the date the form was signed. |
Keywords
Schlumberger, stock transactions, insider trading, SEC Form 4, equity securities, restricted stock units, performance share units, executive compensation
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