Demosthenis Pafitis - Mar 1, 2024 Form 4 Insider Report for SCHLUMBERGER LIMITED/NV (SLB)

Signature
/s/ Samantha Blons, Attorney-in-Fact
Stock symbol
SLB
Transactions as of
Mar 1, 2024
Transactions value $
-$224,527
Form type
4
Date filed
3/5/2024, 05:28 PM
Previous filing
Jan 23, 2024
Next filing
May 14, 2024

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 +10.5K +11.6% $0.00 101K Mar 1, 2024 Direct F1
transaction SLB Common Stock, $0.01 Par Value Per Share Tax liability -$225K -4.56K -4.51% $49.26 96.5K Mar 1, 2024 Direct
holding SLB Common Stock, $0.01 Par Value Per Share 710 Mar 1, 2024 By Spouse
* 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 20, 2021. Vesting of the PSUs was based on three-year Company performance relative to select key competitors. Most of these competitors had not reported their 2023 audited financial results when the Company's compensation committee met in January 2024 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 1, 2024, all such competitors had reported their 2023 audited financial results. Shares of common stock reported hereunder represent shares finally determined to have been earned under the PSUs.