Le Peuch Olivier 4

What Happened
Olivier Le Peuch, CEO of SLB (SLB), received 12,011 shares on March 13, 2026 that were issued upon final determination of previously granted performance share units (PSUs). To cover the tax liability associated with the award, 4,727 of those shares were withheld/disposed at $44.22 per share, generating proceeds of $209,028. The award is an issuance (code A) and the withholding is reported under code F.

Key Details

• Transaction date: 2026-03-13; Form 4 filed: 2026-03-17 (filed within usual Form 4 timing).
• Award: 12,011 shares issued at $0.00 (PSU vesting).
• Tax withholding/disposition: 4,727 shares disposed at $44.22 each, total ~$209,028.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnote: PSUs were originally granted Jan 18, 2023; vesting is based on three-year company performance vs selected competitors. The compensation committee initially approved issuance of 80% in Jan 2026 due to incomplete competitor audits; as of Mar 13, 2026 the final earned shares were determined and issued.
• Transaction codes: A = Award/Grant; F = Tax withholding for tax liability.

Context
This was an earned-equity issuance (PSU vesting), not an open-market purchase or executive-initiated sale. The withholding of shares to cover taxes is a routine administrative action and does not necessarily reflect a decision to liquidate additional shares for investment purposes.