Le Peuch Olivier 4
4 · SLB LIMITED/NV · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
SLB CEO Olivier Le Peuch Receives 12,011-Share Award
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.
Insider Transaction Report
- Award
Common Stock, $0.01 Par Value Per Share
[F1]2026-03-13+12,011→ 1,446,055 total - Tax Payment
Common Stock, $0.01 Par Value Per Share
2026-03-13$44.22/sh−4,727$209,028→ 1,441,328 total
Footnotes (1)
- [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.