Benjamin Duster - Jan 4, 2022 Form 4 Insider Report for Weatherford International plc (WFRD)

Role
Director
Signature
Jonathan B. Wolens by Power of Attorney
Stock symbol
WFRD
Transactions as of
Jan 4, 2022
Transactions value $
-$490,398
Form type
4
Date filed
1/6/2022, 03:22 PM
Previous filing
Jul 23, 2021
Next filing
Jan 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WFRD Ordinary Shares Options Exercise $0 +47.5K $0.00 47.5K Jan 4, 2022 Direct F1
transaction WFRD Ordinary Shares Disposed to Issuer -$490K -17.6K -37% $27.90 29.9K Jan 4, 2022 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 -47.5K -100% $0.00* 0 Jan 4, 2022 Ordinary Shares 47.5K 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 restricted share units ("RSUs") granted on January 4, 2021 pursuant to Issuer's Second Amended and Restated 2019 Equity Incentive Plan (the "2019 EIP"). The RSUs vest on the first anniversary of the date of grant.
F2 At the election of the Committee administering the 2019 EIP, the vesting of the RSUs was settled partially in stock and partially in cash. Represents the deemed disposition of the ordinary shares underlying the portion of vested RSUs settled in cash.