Gassen Steve Matthew 4
4 · SLB LIMITED/NV · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
SLB EVP Steve Gassen Receives PSU Award; Withheld Shares for Taxes
What Happened
- Steve Matthew Gassen, Executive Vice President, Geographies at SLB (SLB), received 1,201 shares of common stock on March 13, 2026 as the final issuance of performance share units (PSUs) granted January 18, 2023 (code A — award; $0.00 per share). On the same date, 473 shares were disposed/withheld at $44.22 per share to cover tax liability (code F), totaling $20,916.
Key Details
- Transaction date: March 13, 2026.
- Award: 1,201 shares issued (acquired) at $0.00 (PSU vesting).
- Tax withholding/disposition: 473 shares at $44.22 = $20,916.
- Shares owned after transaction: not disclosed in this Form 4 filing.
- Footnotes: PSUs were granted Jan 18, 2023; initial certification in Jan 2026 approved 80% of earned shares pending competitors’ audited 2025 results; final shares reflect all competitors’ reported 2025 audited results (footnote F1). F2 notes "equivalent shares" updated Nov 2025.
- Filing timeliness: Form 4 filed March 17, 2026 for a March 13, 2026 transaction (filed within the normal two-business-day window).
Context
- This was not an open-market purchase. The acquisition represents vested PSUs (compensation), while the 473-share disposition was a routine tax-withholding/cashless action to satisfy tax obligations — common when awards vest and not generally interpreted as a directional trading signal.
Insider Transaction Report
Form 4
Gassen Steve Matthew
EVP, Geographies
Transactions
- Award
Common Stock, $0.01 Par Value Per Share
[F1]2026-03-13+1,201→ 67,894 total - Tax Payment
Common Stock, $0.01 Par Value Per Share
2026-03-13$44.22/sh−473$20,916→ 67,421 total
Holdings
- 5,739(indirect: SLB Stock Fund)
Common Stock, $0.01 Par Value Per Share
[F2]
Footnotes (2)
- [F1]The Company granted performance share units ("PSUs") to the reporting person on January 18, 2023. Vesting of the PSUs was based on three-year Company performance relative to select key competitors. Most of these competitors had not reported their 2025 audited financial results when the Company's compensation committee met in January 2026 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 13, 2026, all such competitors had reported their 2025 audited financial results. Shares of common stock reported hereunder represent shares finally determined to have been earned under the PSUs.
- [F2]Equivalent shares as updated November 2025.
Signature
/s/ LaToyia Tilley, Attorney-in-Fact|2026-03-17