SLB (NYSE: SLB) accounting chief receives PSU shares, some withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SLB LIMITED/NV Chief Accounting Officer Howard Guild received a grant of 801 shares of common stock on March 13, 2026 as part of previously awarded performance share units. To cover related tax obligations, 316 shares were withheld at $44.22 per share. After these compensation-related transactions, Guild directly holds 22,892 SLB common shares. The footnote explains that these shares represent the final amount earned under performance share units granted on January 18, 2023, based on three-year company performance versus key competitors.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Guild Howard
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $0.01 Par Value Per Share | 801 | $0.00 | -- |
| Tax Withholding | Common Stock, $0.01 Par Value Per Share | 316 | $44.22 | $14K |
Holdings After Transaction:
Common Stock, $0.01 Par Value Per Share — 23,208 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did SLB (SLB) report for Howard Guild?
SLB reported that Chief Accounting Officer Howard Guild received 801 shares of common stock from vested performance share units. To satisfy tax obligations tied to this vesting, 316 shares were withheld, leaving him with 22,892 directly held SLB shares after the transactions.
Were Howard Guild’s SLB transactions open-market buys or sells?
The transactions were compensation-related, not open-market trades. Guild received 801 shares as a stock award and 316 shares were disposed of through tax withholding at $44.22 per share, meaning the company retained those shares to cover tax liabilities on the vesting.
Why were only part of Howard Guild’s SLB PSUs initially settled?
When the compensation committee met in January 2026, many competitors had not yet reported 2025 audited results. The committee then approved issuing 80% of the shares thought earned. Once all competitor data was available by March 13, 2026, the final earned shares reported here were issued.
What does the tax-withholding transaction mean in Howard Guild’s SLB Form 4?
The F-code transaction reflects 316 shares withheld by SLB to cover tax liabilities from the vesting of performance share units. This is a non-market disposition mechanism, meaning those shares were not sold on the open market but used to satisfy required tax payments.