Performance share vesting adds stock to SLB (NYSE: SLB) EVP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SLB LIMITED/NV executive Abdellah Merad reported equity compensation activity tied to prior performance share units (PSUs). On March 13, 2026, he acquired 3,504 shares of common stock at $0.00 per share as a grant/award. On the same date, 1,379 shares were disposed of at $44.22 per share to cover tax obligations, a non-market “F” code transaction. These shares reflect the final amount earned from PSUs granted on January 18, 2023, after the company’s compensation committee certified performance once all key competitors had reported their audited 2025 results. Following these transactions, Merad directly holds 142,727 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Merad Abdellah
Role
EVP, Core Services & Equipment
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $0.01 Par Value Per Share | 3,504 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.01 Par Value Per Share | 1,379 | $44.22 | $61K |
Holdings After Transaction:
Common Stock, $0.01 Par Value Per Share — 144,106 shares (Direct)
Footnotes (1)
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FAQ
What insider transactions did SLB (SLB) executive Abdellah Merad report?
Abdellah Merad reported equity compensation activity, not open-market trading. He received 3,504 SLB common shares as a grant and had 1,379 shares withheld at $44.22 each for tax obligations, ending with 142,727 directly held shares after the transactions.
Were Abdellah Merad’s SLB (SLB) transactions open-market buys or sells?
The transactions were compensation-related, not open-market trades. Merad acquired 3,504 shares through a grant (code A) and disposed of 1,379 shares under code F, which reflects shares withheld to pay taxes instead of a discretionary market sale.
What does transaction code F mean in Abdellah Merad’s SLB (SLB) Form 4?
Code F indicates shares used to pay taxes or exercise costs, not a market sale. In this case, 1,379 SLB shares were disposed of at $44.22 each to satisfy tax liabilities on the equity award, rather than being sold at the insider’s discretion.