SLB Limited (SLB) EVP logs award vesting and sells 60,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SLB Limited executive Abdellah Merad, EVP, Core Services & Equipment, reported several stock transactions. On January 23, 2026, he acquired 51,885 shares of common stock at $0, issued upon achievement of performance criteria and vesting of performance share units granted on January 18, 2023. That same day, 20,418 shares were disposed of at $50.25 per share, typically reflecting shares withheld to cover taxes. On January 26, 2026, he sold 60,000 shares at $49.70 per share. Following these transactions, he directly owned 140,602 shares of SLB Limited common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 60,000 shares ($2,982,000)
Net Sell
3 txns
Insider
Merad Abdellah
Role
EVP, Core Services & Equipment
Sold
60,000 shs ($2.98M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, $0.01 Par Value Per Share | 60,000 | $49.70 | $2.98M |
| Grant/Award | Common Stock, $0.01 Par Value Per Share | 51,885 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.01 Par Value Per Share | 20,418 | $50.25 | $1.03M |
Holdings After Transaction:
Common Stock, $0.01 Par Value Per Share — 140,602 shares (Direct)
Footnotes (1)
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FAQ
What insider transactions did SLB (SLB) report for Abdellah Merad?
SLB Limited reported that EVP Abdellah Merad acquired 51,885 shares from vested performance units, had 20,418 shares disposed of at $50.25, and sold 60,000 shares at $49.70. After these transactions, he directly held 140,602 common shares.
What performance-based award vested for SLB executive Abdellah Merad?
On January 23, 2026, 51,885 SLB Limited shares were issued to Abdellah Merad upon achievement of performance criteria and vesting of performance share units originally granted on January 18, 2023. These shares were reported as acquired at a price of $0.
What is Abdellah Merad’s role at SLB Limited in this Form 4?
In the Form 4, Abdellah Merad is identified as an officer of SLB Limited, serving as Executive Vice President, Core Services & Equipment. He is not listed as a director or 10% owner in this insider transaction report.