Merad Abdellah 4

What Happened

• Merad Abdellah, EVP, Core Services & Equipment at SLB (SLB), received 51,885 shares on Jan 23, 2026 upon vesting of performance share units (PSUs). Immediately related to that vesting, 20,418 shares were sold at $50.25 each to cover tax withholding (proceeds ≈ $1,026,005). Separately, on Jan 26, 2026 he sold 60,000 shares in an open-market transaction at $49.70 each (proceeds ≈ $2,982,000).
• The award (code A) was issued at $0.00 on vesting; the tax-withholding sale (code F) and the open-market sale (code S) were disposals. Sales are often routine (tax withholding, liquidity) and do not by themselves prove a change in sentiment.

Key Details

• Transaction dates and prices:
  • Jan 23, 2026 — Awarded 51,885 shares (A) at $0.00 upon PSU vesting.
  • Jan 23, 2026 — 20,418 shares sold to cover taxes (F) at $50.25 — proceeds $1,026,005.
  • Jan 26, 2026 — 60,000 shares sold open market (S) at $49.70 — proceeds $2,982,000.
• Total shares sold: 80,418; total cash realized from disclosed sales ≈ $4.008M.
• Shares owned after transaction: not specified in the filing.
• Footnote: F1 — the 51,885 shares were issued upon achievement of performance criteria and vesting of PSUs granted on Jan 18, 2023.
• Filing: Form 4 filed Jan 27, 2026 reporting the Jan 23 and Jan 26 transactions.

Context

• The F (tax withholding) disposition indicates a cashless sale of vested award shares to satisfy tax obligations — a common administrative step that does not necessarily reflect investment views.
• The separate open-market sale generated multi-million dollar proceeds; executives often sell shares for diversification, liquidity, or tax planning. These transactions are routine disclosures required by the SEC.