Mark D. Andrews - 14 Feb 2023 Form 4 Insider Report for NABORS INDUSTRIES LTD (NBR)

Role: CORPORATE SECRETARY
Signature: /s/ Mark D. Andrews
Issuer symbol: NBR
Transactions as of: 14 Feb 2023
Transactions value $: $0
Form type: 4
Date filed: 16 Feb 2023, 20:23
Previous filing: 04 Mar 2022
Next filing: 21 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NBR	Common Stock	Award	$0	+1.58K	+44.96%	$0.00	5.1K	14 Feb 2023	Direct	F1
transaction	NBR	Common Stock	Award	$0	+909	+17.82%	$0.00	6.01K	15 Feb 2023	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents an award of TSR shares that will only vest at the end of a three-year performance period (January 1, 2023 to December 31, 2025) based on the Issuer's relative total shareholder return as compared to a peer group of companies. The number of shares reported represents the maximum that may be earned. No number of shares is guaranteed to vest and the actual number of shares that will vest at the end of the performance period may be anywhere from zero to the amount stated.
F2	The restricted stock award vests in four (4) equal annual installments beginning on the first anniversary of the date of the award.

Content

Represents an award of TSR shares that will only vest at the end of a three-year performance period (January 1, 2023 to December 31, 2025) based on the Issuer's relative total shareholder return as compared to a peer group of companies. The number of shares reported represents the maximum that may be earned. No number of shares is guaranteed to vest and the actual number of shares that will vest at the end of the performance period may be anywhere from zero to the amount stated.

The restricted stock award vests in four (4) equal annual installments beginning on the first anniversary of the date of the award.