Form 4: SLB Executive Acquires 18,740 Restricted Stock Units

SLB's EVP of Geographies, Steve Matthew Gassen, reported the acquisition of 18,740 restricted stock units, vesting in 2029.

Summary

• Steve Matthew Gassen, EVP, Geographies of SLB LIMITED/NV (SLB), reported the acquisition of 18,740 Restricted Stock Units (RSUs).
• Each RSU represents the right to receive one share of SLB common stock.
• The RSU award was granted on January 21, 2026, and is scheduled to vest 100% on January 21, 2029.
• Following this transaction, Gassen beneficially owns 55,905 shares of common stock directly.
• Additionally, Gassen indirectly owns 5,739 equivalent shares through the SLB Stock Fund, as updated in November 2025.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a key executive is generally a positive sign, indicating alignment of interests and long-term commitment, though it's a standard compensation practice and not indicative of operational performance.

Positives

• The acquisition of 18,740 Restricted Stock Units by a key executive, Steve Matthew Gassen, aligns management's long-term interests with shareholder value.
• The three-year vesting schedule for the RSUs encourages sustained performance and commitment from the EVP, Geographies.

Risks

• The value of the restricted stock units and the underlying common stock is subject to market fluctuations and the company's future performance.

Future Outlook

The grant of restricted stock units with a vesting date in 2029 indicates a long-term incentive structure for the executive, aiming to align future performance and strategic decisions with long-term shareholder returns.

Industry Context

This transaction is a routine disclosure of executive compensation in the form of equity, a common practice across industries to incentivize management and align their interests with company performance and shareholder value.

Comparison to Industry Standards

• Equity-based compensation, such as Restricted Stock Units, is a standard component of executive compensation packages in the energy services industry and broader corporate landscape, used to attract, retain, and motivate key personnel.
• The vesting period of three years for these RSUs is typical for long-term incentive plans, comparable to practices at peer companies in the oilfield services sector like Halliburton (HAL) or Baker Hughes (BKR), which also utilize multi-year vesting schedules to promote sustained performance.

Stakeholder Impact

• Shareholders: Potential positive impact due to increased alignment of executive interests with the company's long-term performance and value creation.
• Employees: No direct impact on general employees, as this relates to executive-level compensation.

Next Steps

• Vesting of 18,740 Restricted Stock Units on January 21, 2029, at which point they will convert into shares of common stock.

Key Dates

Keywords

SLB, Restricted Stock Units, RSU, Insider Transaction, Form 4, Executive Compensation, Steve Matthew Gassen, Equity Compensation