Form 4: SLB CFO Biguet Reports PSU Vesting, Stock Transactions

SLB's EVP & CFO, Stephane Biguet, reported the vesting of performance share units and subsequent stock transactions, including a sale for tax purposes.

Summary

• Stephane Biguet, EVP & CFO of SLB, reported changes in beneficial ownership of common stock.
• On March 13, 2026, Biguet acquired 3,504 shares of common stock at a price of $0.00 per share.
• These shares represent the final determination of earned performance share units (PSUs) granted on January 18, 2023.
• Vesting of the PSUs was based on the company's three-year performance relative to select key competitors.
• An initial 80% of earned shares were issued in January 2026, with the remaining 3,504 shares issued after all competitors reported their 2025 audited financial results.
• On the same date, March 13, 2026, Biguet disposed of 1,379 shares of common stock at a price of $44.22 per share.
• Following these transactions, Biguet beneficially owns 157,673 shares of SLB common stock directly.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting the successful vesting of performance-based compensation for a key executive, indicating the company met its performance targets.

Positives

• The vesting of performance share units indicates that SLB met certain performance targets relative to its competitors over a three-year period.
• The acquisition of 3,504 shares at $0.00 represents a gain for the executive as part of their compensation.

Negatives

• The disposition of 1,379 shares reduces the executive's direct ownership, likely for tax withholding purposes.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Industry Context

StockSavvy.ai notes that executive compensation, particularly through performance-based equity awards like PSUs, is a standard practice across the energy services industry. The vesting of these units suggests SLB's performance aligned with or exceeded internal targets relative to competitors, which is a positive signal for the company's operational execution within its sector.

Comparison to Industry Standards

• The use of Performance Share Units (PSUs) tied to multi-year company performance relative to competitors is a common executive compensation structure in large, publicly traded companies, including peers like Halliburton (HAL) and Baker Hughes (BKR).
• The disposition of shares to cover tax obligations upon vesting is a standard practice for equity compensation and is consistent with what is observed across the industry.

Stakeholder Impact

• Shareholders: Provides transparency into executive compensation and ownership, confirming that performance targets for equity awards were met.
• Executive (Stephane Biguet): Directly benefits from the vesting of performance-based compensation.

Key Dates

Keywords

SLB, Stephane Biguet, Form 4, Insider Transaction, Executive Compensation, Performance Share Units, PSU Vesting, Stock Grant, Officer Transaction