SLB (NYSE: SLB) CEO Le Peuch sells 25,000 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SLB LIMITED/NV Chief Executive Officer Olivier Le Peuch reported an open-market sale of 25,000 shares of common stock at a price of $56.99 per share. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 25, 2025. Following this sale, Le Peuch directly holds 1,366,328 shares of SLB common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 25,000 shares ($1,424,750)
Net Sell
1 txn
Insider
Le Peuch Olivier
Role
Chief Executive Officer
Sold
25,000 shs ($1.42M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, $0.01 Par Value Per Share | 25,000 | $56.99 | $1.42M |
Holdings After Transaction:
Common Stock, $0.01 Par Value Per Share — 1,366,328 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 25,000 shares
Sale price: $56.99 per share
Shares held after transaction: 1,366,328 shares
+2 more
5 metrics
Shares sold
25,000 shares
Open-market sale reported on Form 4
Sale price
$56.99 per share
Price for the 25,000 common shares sold
Shares held after transaction
1,366,328 shares
Direct ownership after the reported sale
Form type
Form 4
Insider transaction report for SLB LIMITED/NV
Trading plan adoption date
March 25, 2025
Adoption date of Rule 10b5-1 plan used for the sale
Key Terms
Rule 10b5-1 trading plan, open-market sale, Common Stock, $0.01 Par Value Per Share
3 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 25, 2025"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did SLB CEO Olivier Le Peuch report on Form 4 for SLB?
SLB CEO Olivier Le Peuch reported selling 25,000 shares of SLB common stock. The sale was an open-market transaction at $56.99 per share and was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 25, 2025.
What type of security did Olivier Le Peuch sell in the latest SLB Form 4?
He sold SLB common stock with a par value of $0.01 per share. The Form 4 specifies an open-market sale of 25,000 common shares at $56.99 each, reducing but not eliminating his sizable remaining direct ownership stake.