SLB Director Vijay Kasibhatla sold 25,000 shares at $43.94 for $1.1M; retains 49.6K shares post-sale.
Kasibhatla, a Director in M&A at Schlumberger, sold 25,000 shares (25.0K shares) for $1,098,500.00 ($1.1M), reducing his stake by 33.5% from 74.6K to 49.6K shares. The sale occurred at $43.94, which sits 20.8% below the 52-week high of $55.22 and represents a modest transaction relative to the company's $61.8B market cap and strong recent fundamentals (revenue $9.2B, net income $1.2B, annual growth +18.0%, P/E 13.80). The stock has appreciated 18.8% over the prior 30 days and 3.8% over 90 days, indicating positive momentum at the time of sale. Without visibility into whether this transaction was scheduled under a trading plan or driven by liquidity needs, the significance lies primarily in the scale of the position reduction relative to the seller's prior holdings.