Form 4: SLB Director Sells Shares Under 10b5-1 Plan

SLB Director Patrick de La Chevardiere sold 4,000 shares of common stock for $50.29 per share, as part of a pre-arranged trading plan.

Summary

• Patrick de La Chevardiere, a Director of SLB LIMITED/NV (SLB), reported a sale of company common stock.
• On January 26, 2026, the Director disposed of 4,000 shares of SLB common stock.
• The shares were sold at a price of $50.29 per share.
• Following this transaction, Patrick de La Chevardiere beneficially owns 19,525 shares of SLB common stock.
• The transaction was executed pursuant to a Rule 10b5-1(c) trading plan.

Sentiment

Score: 5

Explanation: A director selling shares is generally a neutral to slightly negative signal, but the fact it was done under a pre-arranged 10b5-1 plan mitigates concerns about immediate insider sentiment, making it an expected, routine transaction.

Positives

• The transaction was conducted under a Rule 10b5-1(c) plan, indicating it was pre-scheduled and not based on new, non-public information.

Negatives

• A director selling shares, even under a 10b5-1 plan, reduces their direct ownership in the company.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The sale by a director slightly reduces insider ownership, which could be perceived as a minor negative, though the 10b5-1 plan context suggests it's a planned liquidity event rather than a signal of lack of confidence.

Key Dates

Recommendation

The transaction is a routine insider sale by a director under a pre-arranged 10b5-1 plan. It does not indicate any new material information about the company's performance or outlook. Therefore, it provides no new basis to change an existing investment thesis, warranting a 'hold' recommendation.

Keywords

SLB, Insider Trading, Form 4, Director Sale, Stock Transaction, 10b5-1 Plan, Beneficial Ownership, Patrick de La Chevardiere