Form 4: SLB CFO Stephane Biguet Receives RSU Grant

SLB's Executive Vice President and Chief Financial Officer, Stephane Biguet, was granted 27,735 Restricted Stock Units on January 21, 2026.

Summary

• Stephane Biguet, Executive Vice President and Chief Financial Officer of SLB LIMITED/NV (SLB), reported changes in his beneficial ownership.
• Mr. Biguet was granted 27,735 Restricted Stock Units (RSUs) on January 21, 2026.
• Each RSU represents the right to receive one share of SLB common stock, $0.01 par value per share.
• The RSU award vests 100% on January 21, 2029.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.
• Following this reported transaction, Mr. Biguet directly beneficially owns 185,098 shares of common stock and 27,735 Restricted Stock Units.

Sentiment

Score: 6

Explanation: The filing reports a routine equity grant to a key executive, which is generally viewed as a positive for aligning management and shareholder interests, but does not contain information that would significantly alter the company's financial outlook or operations.

Positives

• The grant of 27,735 Restricted Stock Units (RSUs) to a key executive, Stephane Biguet, aligns management's long-term interests with those of shareholders.
• The transaction was conducted under a Rule 10b5-1(c) plan, indicating a pre-arranged, non-discretionary transaction designed to avoid accusations of insider trading.

Negatives

• No specific negative information is contained within this routine insider ownership report.

Risks

• No specific risks are disclosed in this Form 4 filing, as it primarily reports an executive equity grant.

Future Outlook

The Restricted Stock Units granted to Stephane Biguet are scheduled to vest 100% on January 21, 2029, aligning his future compensation with the company's long-term performance.

Industry Context

The grant of Restricted Stock Units (RSUs) to an executive is a common practice in the oilfield services industry, similar to other large corporations, to incentivize long-term performance and retain key talent. This aligns executive compensation with shareholder value creation over time.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a component of executive compensation is a standard practice across major companies in the energy sector and broader industries.
• Companies like Halliburton (HAL), Baker Hughes (BKR), and Weatherford International (WFT) commonly utilize similar equity-based incentives to align executive interests with long-term company performance and shareholder returns.
• The vesting schedule of three years for the RSU award is typical for such long-term incentive grants within the industry.

Corporate Governance

Stakeholder Impact

• Shareholders: The RSU grant aligns the interests of a key executive with long-term shareholder value creation, as the value of the award is tied to the company's stock performance.
• Management: The grant serves as an incentive for the EVP & CFO, Stephane Biguet, to contribute to the company's long-term success and retention.

Next Steps

• The Restricted Stock Units granted to Stephane Biguet are expected to vest on January 21, 2029, at which point they will convert into shares of common stock.

Key Dates

Keywords

SLB, Form 4, Restricted Stock Unit, RSU, Insider Ownership, Executive Compensation, Stephane Biguet, Equity Grant