President of New Energy divests 26,990 SLB shares (33.5% of holdings) at $40.92; stock down 26.5% from 52-week high.
Rennick Gavin, President New Energy at Schlumberger Limited, sold 26,990 shares on 2025-02-26 at $40.92, reducing his holdings by 33.5% from 80,574 to 53,584 shares. The sale occurred against a backdrop of stock weakness: SLB is currently trading at $40.60, down 26.5% from its 52-week high of $55.22, and down 4.6% over the prior 30 days. Gavin's same-ticker history at SLB shows 2 of 3 prior sells were well-timed at the 90-day mark, including a 2024-05-22 sale that preceded an 8.8% decline. However, the company's fundamentals remain solid with annual revenue growth of 9.5%, a P/E of 12.01, and net income of $1,186,000,000.00, indicating the sell occurred amid operational strength rather than deteriorating business conditions. The sale represents a material reduction in insider ownership during a period of stock underperformance relative to recent highs.