Joseph H. Mongrain - 18 Jan 2022 Form 4 Insider Report for Weatherford International plc (WFRD)

Role: EVP & Chief People Officer
Signature: Jonathan B. Wolens by Power of Attorney
Issuer symbol: WFRD
Transactions as of: 18 Jan 2022
Net transactions value: $0
Form type: 4
Filing time: 20 Jan 2022, 17:49:58 UTC
Previous filing: 02 Nov 2021
Next filing: 19 Apr 2022
SEC: View on sec.gov

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	Award		+10,615			10,615	18 Jan 2022	Ordinary Shares	10,615		Direct	F1
transaction	WFRD	2022 Annual Performance Share Units	Award	$0	+10,615		$0.000000	10,615	18 Jan 2022	Ordinary Shares	10,615		Direct	F2

* 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 January 18, 2022 pursuant to the Issuer's Second Amended and Restated 2019 Equity Incentive Plan (the "2019 EIP"). The RSUs vest in three equal installments annually over the three-year period from the date of grant.
F2	Represents performance share units ("PSUs") granted on January 18, 2022 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 PSUs vest based on actual performance at the end of the performance period, which is the Issuer's three fiscal years beginning on January 1, 2022 and ending December 31, 2024.

Content

Represents restricted share units ("RSUs") granted on January 18, 2022 pursuant to the Issuer's Second Amended and Restated 2019 Equity Incentive Plan (the "2019 EIP"). The RSUs vest in three equal installments annually over the three-year period from the date of grant.

Represents performance share units ("PSUs") granted on January 18, 2022 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 PSUs vest based on actual performance at the end of the performance period, which is the Issuer's three fiscal years beginning on January 1, 2022 and ending December 31, 2024.