Form 4: SLB CEO Le Peuch Reports Equity Transactions

SLB CEO Olivier Le Peuch reported the acquisition of 12,011 shares from performance share units and the disposition of 4,727 shares for tax withholding.

Summary

• SLB's Chief Executive Officer and Director, Olivier Le Peuch, reported transactions involving the company's common stock.
• On March 13, 2026, Mr. Le Peuch acquired 12,011 shares of common stock at a price of $0, stemming from the vesting of performance share units (PSUs).
• These PSUs were granted on January 18, 2023, with vesting based on three-year company performance relative to select key competitors.
• An initial certification in January 2026 approved 80% of earned shares, with the remaining 12,011 shares determined after all competitors reported their 2025 audited financial results by March 13, 2026.
• Concurrently, Mr. Le Peuch disposed of 4,727 shares of common stock at a price of $44.22 per share, typically for tax withholding purposes related to the equity award vesting.
• Following these transactions, Mr. Le Peuch beneficially owns 1,441,328 shares of SLB common stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event. The vesting of performance-based equity awards indicates the company's achievement of strategic goals and aligns executive incentives with shareholder value creation, which is generally favorable.

Positives

• The acquisition of 12,011 shares indicates the successful vesting of performance share units, suggesting the company met its performance targets relative to competitors over a three-year period.
• The vesting of PSUs aligns executive compensation with long-term company performance and shareholder interests.

Negatives

• The disposition of 4,727 shares for tax withholding is a routine event associated with equity award vesting and is not inherently negative.

Industry Context

StockSavvy.ai notes that executive equity transactions, particularly those related to performance-based awards, are common across industries. The vesting of PSUs for SLB's CEO suggests the company's performance met or exceeded internal and competitive benchmarks, which is a positive signal within the energy services sector.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders: The vesting of performance share units for the CEO suggests the company has met its performance targets, which could be viewed positively by shareholders as it indicates effective management and alignment of executive incentives.
• Employees: No direct impact on general employees is indicated by this filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.

Key Dates

Keywords

SLB, Olivier Le Peuch, Form 4, Insider Transaction, Performance Share Units, PSU Vesting, Executive Compensation, Stock Ownership, Tax Withholding