Merad Abdellah 4
4 · SLB LIMITED/NV · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
SLB EVP Merad Abdellah Receives Award, Sells Shares for Taxes
What Happened
Merad Abdellah, EVP, Core Services & Equipment at SLB (SLB), received 3,504 shares as the final issuance of performance share units (PSUs) (code A, acquisition at $0.00). To satisfy tax withholding obligations (code F), 1,379 of those shares were disposed at $44.22 each, generating proceeds of $60,979.
Key Details
- Transaction dates: March 13, 2026 (shares issued and tax-withholding disposition).
- Prices/values: Awarded shares reported at $0.00 per share; 1,379 shares disposed at $44.22 each, total ~$60,979.
- Transaction codes: A = Award/Grant; F = Payment of exercise price or tax liability (tax withholding).
- Filing: Form 4 filed March 17, 2026 (appears timely — filed within the standard 2 business-day window after the March 13 transaction).
- Shares owned after transaction: not specified in the provided filing.
- Footnote: These shares reflect final determination of PSUs granted Jan 18, 2023; vesting was based on three-year relative company performance and was finalized after competitors reported 2025 audited results.
Context
This was primarily a vesting/award event (not a market purchase). The sale/disposition was a routine tax-withholding action common when restricted or performance shares vest; it does not necessarily reflect an investment decision by the insider. The PSUs required multi-year performance certification, which delayed final share counts until competitor results were available.
Insider Transaction Report
- Award
Common Stock, $0.01 Par Value Per Share
[F1]2026-03-13+3,504→ 144,106 total - Tax Payment
Common Stock, $0.01 Par Value Per Share
2026-03-13$44.22/sh−1,379$60,979→ 142,727 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.