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SLB (NYSE: SLB) CTO granted 2,502 shares, 1,189 withheld for tax

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

SLB LIMITED/NV Chief Technology Officer Demosthenis Pafitis reported stock-based compensation tied to earlier performance share units. On March 13, 2026, he acquired 2,502 shares of common stock at $0.00 per share as a grant, then had 1,189 shares withheld at $44.22 per share to cover tax obligations.

These shares were finally determined to have been earned under performance share units granted on January 18, 2023, based on three-year company performance versus key competitors. After these transactions, he holds 106,903 shares directly, plus 710 shares indirectly held by his spouse.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Pafitis Demosthenis

(Last) (First) (Middle)
5599 SAN FELIPE, 17TH FLOOR

(Street)
HOUSTON TX 77056

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SLB LIMITED/NV [ SLB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Technology Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $0.01 Par Value Per Share 03/13/2026 A 2,502(1) A $0 108,092 D
Common Stock, $0.01 Par Value Per Share 03/13/2026 F 1,189 D $44.22 106,903 D
Common Stock, $0.01 Par Value Per Share 710 I By Spouse
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The Company granted performance share units ("PSUs") to the reporting person on January 18, 2023. Vesting of the PSUs was based on three-year Company performance relative to select key competitors. Most of these competitors had not reported their 2025 audited financial results when the Company's compensation committee met in January 2026 to certify performance under the PSUs. As a result, the Company's compensation committee approved the issuance of 80% of the shares that the committee determined had been earned according to the information available to the committee at the time. As of March 13, 2026, all such competitors had reported their 2025 audited financial results. Shares of common stock reported hereunder represent shares finally determined to have been earned under the PSUs.
/s/ LaToyia Tilley, Attorney-in-Fact 03/17/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did SLB (SLB) CTO Demosthenis Pafitis report in this Form 4?

Demosthenis Pafitis reported a stock-based compensation event, receiving 2,502 SLB common shares as a grant and having 1,189 shares withheld for taxes. These transactions reflect performance share units vesting rather than open-market buying or selling.

How many SLB shares did the CTO receive and how many were withheld for taxes?

The CTO received a grant of 2,502 SLB common shares and 1,189 of those shares were withheld at $44.22 per share to satisfy tax liabilities. The remaining shares increased his direct equity stake in the company.

What are the performance conditions tied to the SLB CTO’s share award?

The reported shares relate to performance share units granted on January 18, 2023, with vesting based on three-year company performance versus selected key competitors. Shares disclosed here represent amounts finally determined to have been earned after competitors’ 2025 audited results were available.

Did the SLB CTO buy or sell shares on the open market in this filing?

No open-market purchases or sales were reported. The filing shows a grant/award acquisition of shares and a tax-withholding disposition, where shares were delivered to cover tax obligations, rather than discretionary buying or selling in the market.

How many SLB shares does the CTO own after these transactions?

Following the reported transactions, the CTO directly owns 106,903 SLB common shares. In addition, there are 710 shares held indirectly by his spouse, reflecting total exposure shown in this Form 4 across direct and indirect holdings.

Why were SLB performance share units only partially issued earlier and finalized now?

When the compensation committee met in January 2026, most competitors had not yet reported 2025 audited results, so only 80% of earned shares were issued. By March 13, 2026, all results were available, allowing final determination of shares earned under the performance share units.
SLB Limited

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Oil & Gas Equipment & Services
Oil & Gas Field Services, Nec
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United States
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