SLB EVP Gassen sells 53,379 shares at $56.16–$56.19 for $2,998,766.01; halves holdings to 47,421 shares
Gassen Steve Matthew, EVP of Geographies at SLB, executed 2 separate sales on 2026-05-01 totaling 53,379 shares for $2,998,766.01 at prices between $56.16 and $56.19, reducing his holdings from 100,800 shares to 47,421 shares. This represents a -53.0% reduction in his pre-transaction position. The transaction occurred at prices near the 52-week high of $56.92, and follows a period of significant stock appreciation: 30-day change of +13.8% and 90-day change of +17.6%. The scale and discretionary nature of this multi-tranche sale—executed at market-peak pricing—merit investor attention, particularly given Gassen's senior role in a capital-intensive energy-services business with a P/E of 25.52 and a market cap of $85.1B.