Biguet Stephane 4

What Happened

• Stephane Biguet, EVP & CFO of SLB, received 3,504 shares as the final issuance of performance share units (PSUs) on March 13, 2026 (reported as an award at $0.00 per share).
• At the same time, 1,379 shares were disposed/withheld at $44.22 per share to satisfy tax withholding obligations, representing proceeds/value of $60,979. The award itself is a non-cash grant (A); the withholding is recorded under code F.

Key Details

• Transaction date: March 13, 2026; Form 4 filed March 17, 2026 (timely).
• Award: 3,504 shares @ $0.00 (total reported $0) — PSUs granted originally Jan 18, 2023.
• Withholding/tax disposition: 1,379 shares @ $44.22 = $60,979 (code F).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnote: The PSUs vested based on three-year relative performance vs. select peers. The compensation committee initially certified 80% of earned shares in Jan 2026 due to incomplete peer audits; by March 13, 2026 all peers had reported and the final earned share count is reflected here.
• Filing timeliness: Filed promptly (no late filing noted).

Context

• These transactions reflect PSU vesting and routine tax withholding rather than an open-market buy or sale for investment reasons. The award is a compensation grant (no cash paid to acquire the shares), and the disposition was to cover tax liability — a common, administrative step that doesn't necessarily indicate the insider's view on the stock.