Form 4: SLB CEO Olivier Le Peuch Reports Stock Transactions

SLB CEO Olivier Le Peuch reported the acquisition of 177,891 shares from vested performance units and the disposition of 70,001 shares for tax withholding.

Summary

• Olivier Le Peuch, Chief Executive Officer and Director of SLB LIMITED/NV (SLB), reported transactions involving the company's common stock.
• On January 23, 2026, Mr. Le Peuch acquired 177,891 shares of common stock at a price of $0 per share.
• These shares were issued upon the achievement of performance criteria and vesting of performance share units that were originally granted on January 18, 2023.
• Concurrently, on January 23, 2026, Mr. Le Peuch disposed of 70,001 shares of common stock at a price of $50.25 per share.
• Following these transactions, Mr. Le Peuch's direct beneficial ownership of SLB common stock stands at 1,484,044 shares.
• The reported transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 7

Explanation: The vesting of performance shares is a positive indicator of management achieving prior goals. The subsequent disposition for tax purposes is a routine event and does not significantly detract from the overall positive sentiment of performance achievement.

Positives

• The acquisition of 177,891 shares indicates the successful achievement of performance criteria for performance share units granted in 2023, reflecting positive operational or financial results for SLB.
• The vesting of performance shares aligns management's interests with long-term shareholder value.

Negatives

• The disposition of 70,001 shares, while likely for tax withholding purposes, reduces the direct beneficial ownership of the CEO.

Future Outlook

This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This filing is a routine insider transaction report and does not provide specific insights into broader industry trends or competitive landscape. It reflects an individual executive's equity compensation and tax planning.

Stakeholder Impact

• Shareholders: The vesting of performance shares for the CEO indicates alignment of management incentives with shareholder value creation, as these shares are typically tied to company performance metrics. The net increase in beneficial ownership (after tax sales) further strengthens this alignment.

Key Dates

Keywords

SLB, Olivier Le Peuch, Form 4, Insider Transaction, CEO, Performance Shares, Equity Compensation, Stock Vesting, Rule 10b5-1