Rodriguez Miguel Angel Rodriguez - 01 Jan 2026 Form 4 Insider Report for NABORS INDUSTRIES LTD (NBR)

Signature
/s/ Mark D. Andrews by Power of Attorney for Miguel Angel Rodriguez Rodriguez
Issuer symbol
NBR
Transactions as of
01 Jan 2026
Net transactions value
-$44,092
Form type
4
Filing time
05 Jan 2026, 08:51:45 UTC
Previous filing
12 Nov 2025
Next filing
11 Feb 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Rodriguez Rodriguez Miguel Angel CHIEF FINANCIAL OFFICER C/O NABORS CORPORATE SERVICES, INC., 515 W. GREENS ROAD, HOUSTON /s/ Mark D. Andrews by Power of Attorney for Miguel Angel Rodriguez Rodriguez 05 Jan 2026 0002092629

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NBR Common Stock Options Exercise $0 +2,736 +14% $0.000000 21,944 01 Jan 2026 Direct F1
transaction NBR Common Stock Tax liability $44,092 -812 -3.7% $54.30 21,132 01 Jan 2026 Direct F2
transaction NBR Common Stock Award $0 +11,576 +55% $0.000000 32,708 01 Jan 2026 Direct F3
transaction NBR Common Stock Award $0 +9,208 +28% $0.000000 41,916 01 Jan 2026 Direct F4

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 2023 Long Term Performance Share Units Award $0 +2,736 $0.000000 2,736 01 Jan 2026 Common Stock 2,736 Direct F5, F6
transaction NBR 2023 Long Term Performance Share Units Options Exercise $0 -2,736 -100% $0.000000 0 01 Jan 2026 Common Stock 2,736 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the aggregate number of Long Term 2023 Performance restricted stock units originally granted on May 18, 2023, the vesting of which was subject to the achievement of certain ROIC performance criteria, that have been earned as a result of the achievement of the applicable performance criteria. All of such shares have fully vested as of January 1, 2026.
F2 Reflects the number of shares surrendered on January 1, 2026 to satisfy the tax withholding on the vesting and issuance of 2,736 shares of the 2023 Long Term Performance restricted stock units originally granted on May 18, 2023. The remaining 1,924 vested performance shares were retained by the Reporting Person.
F3 Represents an award of TSR shares that will only vest at the end of a three-year performance period (January 1, 2026 to December 31, 2028) 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, which is 200% of the target number. 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.
F4 The Reporting Person was granted a restricted stock award on January 1, 2026 in connection with his appointment as Chief Financial Officer on October 1, 2025, that will cliff vest in full on January 1, 2030.
F5 Performance restricted stock units convert into common shares on a 1-for-1 basis.
F6 On May 18, 2023, the Reporting Person was granted Performance restricted stock units, the vesting of which is subject to the achievement of certain ROIC performance criteria during the three-year performance period beginning on January 1, 2023 and ending on December 31, 2025. The number of shares reported in this line item represents the number of Performance restricted stock units that were earned as a result of the achievement of such performance criteria.