Girish Saligram - Jun 1, 2021 Form 3 Insider Report for Weatherford International plc (WFRD)

Role: President and CEO, Director
Signature: Jonathan B. Wolens by Power of Attorney
Stock symbol: WFRD
Transactions as of: Jun 1, 2021
Transactions value $: $0
Form type: 3
Date filed: 6/10/2021, 06:44 PM
Next filing: Oct 14, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	WFRD	Ordinary Shares						103K	Jun 1, 2021	Direct

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
holding	WFRD	Restricted Share Units							Jun 1, 2021	Ordinary Shares	169K		Direct	F1
holding	WFRD	Restricted Share Units							Jun 1, 2021	Ordinary Shares	250K		Direct	F2
holding	WFRD	Performance Share Units							Jun 1, 2021	Ordinary Shares	500K		Direct	F3
holding	WFRD	Phantom Restricted Share Units							Jun 1, 2021	Ordinary Shares	61.1K		Direct	F4

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

Explanation of Responses:

Id	Content
F1	Represents restricted share units ("RSUs") granted on November 17, 2020 pursuant to Issuer's Second Amended and Restated 2019 Equity Incentive Plan (the "2019 EIP"). The RSUs vest in three equal installments on each of October 12, 2021, 2022 and 2023.
F2	Represents RSUs granted on January 4, 2021 pursuant to the 2019 EIP. These RSUs vest in two equal installments over the two-year period from the date of grant.
F3	Represents performance share units ("PSUs") granted on January 4, 2021 under the 2019 EIP. The number of PSUs reported is the target award and may be subject to a payout ranging from 0% to 200% of target award depending on the actual achievement of the performance goals at the end of the performance period. The performance period is the Issuer's fiscal year ending December 21, 2022.
F4	Represents phantom restricted share units granted on January 4, 2021 pursuant to the 2019 EIP. These phantom restricted share units vest in two equal installments over the two-year period from the date of grant and may be settled in cash, ordinary shares or any combination of cash and ordinary shares.