Desmond J. Mills - Jun 1, 2021 Form 3 Insider Report for Weatherford International plc (WFRD)

Role
VP & Chief Accounting Officer
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, 06:45 PM
Next filing
Nov 2, 2021

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 30.9K Direct F1
holding WFRD Performance Share Units Jun 1, 2021 Ordinary Shares 15.4K Direct F2
holding WFRD Phantom Restricted Share Units Jun 1, 2021 Ordinary Shares 22.6K Direct F3
* 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 April 15, 2021 pursuant to Issuer's Second Amended and Restated 2019 Equity Incentive Plan (the "2019 EIP"). The RSUs vest in two equal installments over the two-year period from the date of grant.
F2 Represents performance share units ("PSUs") granted on April 15, 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.
F3 Represents phantom restricted share units granted on April 15, 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.