Form 4: SLB Executive Gassen Reports Share Acquisition

SLB EVP Steve Gassen reported the acquisition of 1,201 common shares from performance share unit vesting and the disposition of 473 shares for tax withholding.

Summary

• Steve Matthew Gassen, Executive Vice President of Geographies at SLB, reported transactions on March 13, 2026.
• Gassen acquired 1,201 shares of SLB common stock at a price of $0, representing the final determination of shares earned from performance share units (PSUs).
• Gassen disposed of 473 shares of SLB common stock at a price of $44.22 per share, likely for tax withholding related to the PSU vesting.
• The PSUs were granted on January 18, 2023, with vesting based on three-year company performance relative to select key competitors.
• Initially, 80% of earned shares were issued in January 2026, with the remaining 1,201 shares issued after all competitors' 2025 audited financial results became available.
• Following these transactions, Gassen's direct beneficial ownership stands at 67,421 shares.
• Gassen also holds an indirect beneficial ownership of 5,739 equivalent shares in the SLB Stock Fund, updated as of November 2025.

Sentiment

Score: 7

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

Positives

• The vesting of performance share units indicates that SLB met its performance targets relative to key competitors over the three-year period from January 2023 to December 2025.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to executive compensation like performance share unit (PSU) vesting, are common in the energy services industry. The disposition of shares for tax withholding is a standard practice when equity awards vest, ensuring compliance with tax obligations.

Comparison to Industry Standards

• Performance share unit (PSU) vesting based on company performance relative to competitors is a standard executive compensation practice across various industries, including the oilfield services sector.
• Major competitors such as Halliburton (HAL) and Baker Hughes (BKR) also commonly utilize similar performance-based equity awards for their executives, linking compensation to strategic and financial achievements.

Stakeholder Impact

• Shareholders: The vesting of PSUs indicates that the company's performance metrics, against which the awards were granted, were met, aligning executive incentives with shareholder value creation.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation events (PSU vesting and tax-related share disposition) and does not provide new fundamental information that would warrant a change in investment recommendation. It confirms that performance targets were met, which is a positive, but not a catalyst for a strong buy or sell.

Keywords

SLB, Form 4, insider transaction, beneficial ownership, performance share units, executive compensation, Steve Gassen