Pafitis Demosthenis 4

What Happened

• Demosthenis Pafitis, Chief Technology Officer of SLB (SLB), reported the vesting/conversion of 11,271 restricted stock units (RSUs) on January 18, 2026. As part of the vesting, 5,352 shares were withheld to cover tax withholding at a reported per‑share value of $46.65, totaling $249,671. The underlying RSU derivative was converted/settled (zero cash exercise price). On January 21, 2026 he was granted a new RSU award of 18,740 shares (grant reported).

Key Details

• Transaction dates: 2026-01-18 (vesting/conversion and tax withholding); 2026-01-21 (new RSU grant).
• Price / value: Tax‑withheld shares: 5,352 shares × $46.65 = $249,671 (reported as sale/disposition for tax purposes).
• Shares acquired/converted: 11,271 RSUs vested/converted on 2026-01-18.
• New award: 18,740 RSUs granted 2026-01-21 (vesting 100% on 2029-01-21 per footnote).
• Shares owned after the transaction: Not specified in the provided filing details.
• Footnotes: F1 clarifies each RSU equals one common share; F2 confirms the vested award was granted 2023-01-18 and vested 2026-01-18; F3 notes the new award vests in 2029.
• Filing timeliness: Report filed 2026-01-23 for transactions on 2026-01-18 (appears to be filed after the typical 2‑business‑day Form 4 deadline).

Context

• This was a standard RSU vesting event with shares withheld to satisfy tax obligations (a common "sell-to-cover" or withholding practice), not an open‑market sale of additional shares. The conversion of the derivative (RSU) into shares and the subsequent withholding do not, by themselves, indicate a buy or sell sentiment on the market.
• The new RSU grant is a future‑vesting compensation award (vests 100% in 2029) and should be viewed as part of ongoing executive compensation rather than an immediate market transaction.