SLB (NYSE: SLB) EVP details RSU vesting and tax share withholding
Rhea-AI Filing Summary
SLB LIMITED/NV executive Steve Matthew Gassen, EVP, Geographies, reported equity award activity and related share withholding. On January 18, 2026, 5,410 restricted stock units were converted into the same number of shares of common stock at an exercise price of $0. On the same date, 2,303 shares of common stock were disposed of at $46.65 per share in a transaction coded "F", indicating shares withheld to cover taxes on the vesting.
After these transactions, Gassen directly beneficially owned 55,905 shares of SLB common stock, which include 361 shares acquired under the SLB discounted stock purchase plan for the period ended December 31, 2025. He also indirectly held 5,739 equivalent shares through the SLB Stock Fund. The footnotes state that each restricted stock unit represents one share of common stock and that the RSU award was granted on January 18, 2023 and vested 100% on January 18, 2026.
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FAQ
What insider activity did SLB (SLB) report for Steve Matthew Gassen?
SLB reported that EVP, Geographies Steve Matthew Gassen had 5,410 restricted stock units convert into the same number of common shares on January 18, 2026, and 2,303 shares were disposed of at $46.65 per share in a tax withholding transaction coded "F".
How many SLB shares does Steve Matthew Gassen own after the reported Form 4 transactions?
Following the reported transactions, Steve Matthew Gassen beneficially owned 55,905 shares of SLB common stock directly and 5,739 equivalent shares indirectly through the SLB Stock Fund.
What does the RSU vesting mean in the SLB Form 4 for Steve Matthew Gassen?
The filing states that each restricted stock unit represents one share of SLB common stock. An RSU award granted on January 18, 2023 vested 100% on January 18, 2026, resulting in the conversion of 5,410 RSUs into 5,410 common shares at an exercise price of $0.
Why were 2,303 SLB shares disposed of at $46.65 in this Form 4?
The 2,303-share transaction is coded "F", which indicates shares were withheld to pay taxes related to the RSU vesting. The shares were valued at $46.65 each for this withholding transaction.
What is the significance of the 361 shares mentioned in the SLB Form 4 footnotes?
The footnotes explain that Gassen’s direct holdings include 361 shares acquired under the SLB discounted stock purchase plan for the period ended December 31, 2025.
How are the 5,739 indirect SLB shares held for Steve Matthew Gassen?
The filing shows that 5,739 equivalent shares are held indirectly through the SLB Stock Fund, reflecting his beneficial interest in that fund.
What role does Steve Matthew Gassen hold at SLB?
According to the filing, Steve Matthew Gassen is an officer of SLB, serving as EVP, Geographies, and is not listed as a director or 10% owner.