SLB CTO receives stock award, pays taxes in shares
SLB LIMITED/NV Chief Technology Officer Demosthenis Pafitis reported stock-based compensation tied to earlier performance share units.
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
| 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 | -- | -- | -- |
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.
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What did SLB (SLB) CTO Demosthenis Pafitis report in this Form 4?
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