Olivier Le Peuch - Mar 4, 2022 Form 4 Insider Report for SCHLUMBERGER LIMITED/NV (SLB)

Role
Chief Executive Officer, Director
Signature
/s/ Samantha Blons, Attorney-in-Fact
Stock symbol
SLB
Transactions as of
Mar 4, 2022
Transactions value $
-$575,124
Form type
4
Date filed
3/8/2022, 03:40 PM
Previous filing
Jan 25, 2022
Next filing
Jan 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SLB Common Stock, $0.01 Par Value Per Share Award $0 +8.15K +1.08% $0.00 761K Mar 4, 2022 Direct F1
transaction SLB Common Stock, $0.01 Par Value Per Share Award $0 +1.78K +0.23% $0.00 763K Mar 4, 2022 Direct F2
transaction SLB Common Stock, $0.01 Par Value Per Share Award $0 +28.1K +3.69% $0.00 791K Mar 4, 2022 Direct F3
transaction SLB Common Stock, $0.01 Par Value Per Share Tax liability -$575K -15K -1.89% $38.38 776K Mar 4, 2022 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Company granted performance share units ("PSUs") to the reporting person on January 16, 2019. Vesting of the PSUs was based on three-year Company performance relative to select key competitors. Most of these competitors had not reported their 2021 audited financial results when the Company's compensation committee met in January 2022 to certify performance under the PSUs. As a result, the Company's compensation committee approved the issuance of 90% of the shares that the committee determined had been earned according to the information available to the committee at the time. As of March 4, 2022, all such competitors had reported their 2021 audited financial results. Shares of common stock reported hereunder represent shares finally determined to have been earned under the PSUs.
F2 The Company granted performance share units ("PSUs") to the reporting person on April 17, 2019. Vesting of the PSUs was based on three-year Company performance relative to select key competitors. Most of these competitors had not reported their 2021 audited financial results when the Company's compensation committee met in January 2022 to certify performance under the PSUs. As a result, the Company's compensation committee approved the issuance of 90% of the shares that the committee determined had been earned according to the information available to the committee at the time. As of March 4, 2022, all such competitors had reported their 2021 audited financial results. Shares of common stock reported hereunder represent shares finally determined to have been earned under the PSUs.
F3 The Company granted performance share units ("PSUs") to the reporting person on August 1, 2019. Vesting of the PSUs was based on three-year Company performance relative to select key competitors. Most of these competitors had not reported their 2021 audited financial results when the Company's compensation committee met in January 2022 to certify performance under the PSUs. As a result, the Company's compensation committee approved the issuance of 90% of the shares that the committee determined had been earned according to the information available to the committee at the time. As of March 4, 2022, all such competitors had reported their 2021 audited financial results. Shares of common stock reported hereunder represent shares finally determined to have been earned under the PSUs.