Girish Saligram - 12 Oct 2021 Form 4 Insider Report for Weatherford International plc (WFRD)

Role: President and CEO, Director
Signature: Jonathan B. Wolens by Power of Attorney
Issuer symbol: WFRD
Transactions as of: 12 Oct 2021
Net transactions value: -$524,207
Form type: 4
Filing time: 14 Oct 2021, 20:13:40 UTC
Previous filing: 10 Jun 2021
Next filing: 02 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WFRD	Ordinary Shares	Options Exercise	$0	+56,497	+55%	$0.000000	159,294	12 Oct 2021	Direct	F1
transaction	WFRD	Ordinary Shares	Tax liability	$524,207	-22,231	-14%	$23.58	137,063	12 Oct 2021	Direct	F2

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	WFRD	Restricted Share Units	Options Exercise	$0	-56,497	-33%	$0.000000	112,994	12 Oct 2021	Ordinary Shares	56,497		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Represents the vesting of the first installment of one-third of the restricted share units ("RSUs") granted on November 17, 2020 pursuant to the 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. RSUs convert into ordinary shares on a one-for-one basis.
F2	Transaction was a withholding of a portion of vested restricted share units to satisfy the reporting person's tax withholding obligations upon vesting, pursuant to the award agreement and associated equity incentive plan under which the award was granted.