Form 4: SLB Executive Gassen Reports Stock Transactions

SLB EVP Steve Gassen reported the vesting and conversion of restricted stock units into common stock, followed by a sale to cover tax liabilities.

Summary

• Steve Matthew Gassen, EVP, Geographies at SLB, reported transactions on January 18, 2026, involving the company's common stock.
• Acquired 5,410 shares of SLB common stock through the vesting and conversion of Restricted Stock Units (RSUs) at a price of $0.
• Disposed of 2,303 shares of SLB common stock at $46.65 per share, likely to cover tax obligations related to the RSU vesting.
• Beneficial ownership after these transactions is 55,905 direct shares.
• Indirectly owns 5,739 shares in the SLB Stock Fund, as updated in November 2025.
• The reported direct ownership includes 361 shares acquired under the SLB discounted stock purchase plan for the period ended December 31, 2025.

Sentiment

Score: 7

Explanation: The filing reflects a routine executive compensation event where restricted stock units vested, leading to an increase in direct ownership before a standard tax-related disposition. This is generally a positive sign for executive retention and alignment with shareholder interests, as it indicates the executive is receiving equity compensation.

Positives

• EVP Steve Gassen's restricted stock units (RSUs) fully vested, converting 5,410 units into common stock, indicating successful achievement of performance or tenure conditions.
• The vesting of RSUs at a $0 cost basis represents a significant gain for the executive, aligning management interests with shareholder value.

Negatives

• A disposition of 2,303 shares occurred at $46.65 per share, likely to cover tax liabilities, which reduces the executive's direct beneficial ownership.

Related Party Transactions

• Acquisition of 5,410 shares through the vesting of Restricted Stock Units (RSUs) as part of executive compensation.
• Acquisition of 361 shares under the SLB discounted stock purchase plan.

Stakeholder Impact

• Shareholders: Minor, expected dilution from the issuance of shares upon RSU vesting, but also indicates executive retention and alignment through equity compensation.
• Employees: Reflects standard executive compensation practices within the company, potentially influencing morale and retention.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event involving the vesting of restricted stock units and a subsequent sale of shares to cover tax obligations. It does not provide new material information regarding the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as the filing reflects standard insider activity rather than a significant market-moving event.

Keywords

SLB, Gassen, Form 4, insider trading, stock transaction, RSU, restricted stock unit, common stock, executive compensation