Gavin Rennick - Mar 3, 2023 Form 4 Insider Report for SCHLUMBERGER LIMITED/NV (SLB)

Signature
/s/ Samantha Blons, Attorney-in-Fact
Stock symbol
SLB
Transactions as of
Mar 3, 2023
Transactions value $
-$247,493
Form type
4
Date filed
3/7/2023, 05:32 PM
Previous filing
Jan 30, 2023
Next filing
Mar 10, 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 +11.4K +14.71% $0.00 88.9K Mar 3, 2023 Direct F1
transaction SLB Common Stock, $0.01 Par Value Per Share Tax liability -$247K -4.49K -5.05% $55.17 84.4K Mar 3, 2023 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 15, 2020. Vesting of the PSUs was based on three-year Company performance relative to select key competitors. Most of these competitors had not reported their 2022 audited financial results when the Company's compensation committee met in January 2023 to certify performance under the PSUs. As a result, the Company's compensation committee approved the issuance of 80% of the shares that the committee determined had been earned according to the information available to the committee at the time. As of March 3, 2023, all such competitors had reported their 2022 audited financial results. Shares of common stock reported hereunder represent shares finally determined to have been earned under the PSUs.