Anthony G. Petrello - Feb 22, 2022 Form 4 Insider Report for NABORS INDUSTRIES LTD (NBR)

Role: CHAIRMAN, PRESIDENT & CEO, Director
Signature: /s/ Mark D. Andrews by Power of Attorney for Anthony G. Petrello
Stock symbol: NBR
Transactions as of: Feb 22, 2022
Transactions value $: $488,454
Form type: 4
Date filed: 2/24/2022, 04:17 PM
Previous filing: Jan 4, 2022
Next filing: Jan 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NBR	Common Stock	Tax liability	-$662K	-5.24K	-2.51%	$126.28	204K	Feb 22, 2022	Direct	F1
holding	NBR	Common Stock						137K	Feb 22, 2022	Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NBR	2021 Warrants	Award	$1.15M	+6.9K	+24.02%	$166.67	35.7K	Feb 22, 2022	Common Stock	6.9K	$166.67	Direct	F2
holding	NBR	2021 Warrants						126K	Feb 22, 2022	Common Stock	126K	$166.67	Trust

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects the number of shares surrendered on February 22, 2022 to satisfy the tax withholding on the vesting of 13,325 shares of the 39,975 performance shares originally granted on February 22, 2019. The remaining 8,081 vested shares were retained by the executive.
F2	These warrants were earned in connection with the vesting of Performance restricted stock units on January 2, 2022 by Mr. Petrello and distributed pursuant to the terms of the applicable award agreement on February 22, 2022 as determined by the Compensation Committee on February 11, 2022.