SLB (NYSE: SLB) CTO granted 2,502 shares, 1,189 withheld for tax
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.
Insider Trade Summary
Net Buyer: 1,313 shares
Net Buy
3 txns
Insider
Pafitis Demosthenis
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $0.01 Par Value Per Share | 2,502 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $0.01 Par Value Per Share | 1,189 | $44.22 | $53K |
| holding | Common Stock, $0.01 Par Value Per Share | -- | -- | -- |
Holdings After Transaction:
Common Stock, $0.01 Par Value Per Share — 106,903 shares (Direct);
Common Stock, $0.01 Par Value Per Share — 710 shares (Indirect, By Spouse)
Footnotes (1)
- F1. 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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.