SLB CFO (NYSE: SLB) gets performance share award, settles tax with shares
Rhea-AI Filing Summary
SLB LIMITED/NV EVP & CFO Stephane Biguet reported routine equity compensation activity. On March 13, 2026, he acquired 3,504 shares of common stock as a grant valued at $0.00 per share, reflecting performance share units finally determined to have been earned from a 2023 award tied to three-year company performance versus key competitors.
On the same date, 1,379 shares were disposed of at $44.22 per share to cover tax obligations, leaving him with 157,673 shares owned directly after these transactions. These events represent compensation vesting and related tax withholding rather than open‑market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,125 shares
Net Buy
2 txns
Insider
Biguet Stephane
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $0.01 Par Value Per Share | 3,504 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, $0.01 Par Value Per Share | 1,379 | $44.22 | $61K |
Holdings After Transaction:
Common Stock, $0.01 Par Value Per Share — 157,673 shares (Direct)
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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FAQ
What insider transactions did SLB (SLB) report for Stephane Biguet?
SLB reported that EVP & CFO Stephane Biguet received a grant of 3,504 common shares and had 1,379 shares withheld for taxes on March 13, 2026. These transactions reflect equity compensation vesting rather than open-market buying or selling activity.
Was the SLB (SLB) insider transaction by CFO Stephane Biguet a stock purchase or sale?
The activity was not an open-market purchase or sale. Biguet received 3,504 shares as an equity award and 1,379 shares were disposed of to satisfy tax liabilities, a standard withholding mechanism associated with vesting performance-based stock awards.