Form 4: SLB Executive Steve Gassen Executes Stock Transactions

SLB EVP of Geographies Steve Gassen exercised stock options and sold shares in a series of transactions on May 1, 2026.

Summary

• Steve Gassen, EVP of Geographies at SLB, exercised options to acquire 33,379 shares of common stock.
• The acquisitions were made at strike prices of $41.47 and $38.75 per share.
• Following the acquisitions, Gassen sold 53,379 shares at weighted average prices of $56.16 and $56.19.
• The reporting person maintains a direct beneficial ownership of 47,421 shares following these transactions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing routine executive equity management rather than a signal of company performance.

Positives

• The executive continues to hold a significant position of 47,421 shares directly, plus 5,739 shares in the SLB Stock Fund.

Negatives

• The transaction resulted in a net reduction of shares held by the executive.

Risks

• None identified; this is a standard executive compensation-related transaction.

Future Outlook

No forward-looking guidance provided in this filing.

Industry Context

StockSavvy.ai notes that executive stock sales are common occurrences in the oilfield services sector, often tied to the expiration of stock options or pre-planned 10b5-1 trading programs.

Comparison to Industry Standards

• The transaction aligns with standard executive equity management practices observed at peers like Halliburton and Baker Hughes.

Stakeholder Impact

• Minimal impact on shareholders as these are standard executive compensation exercises.

Next Steps

• None mentioned.

Key Dates

Keywords

SLB, Insider Trading, Form 4, Stock Options, Executive Compensation, Oilfield Services