Scott C. Weatherholt - 18 Jan 2022 Form 4 Insider Report for Weatherford International plc (WFRD)

Role: EVP, GC & CCO
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, 17:50:16 UTC
Previous filing: 06 Jan 2022
Next filing: 01 Mar 2022
SEC: View on sec.gov

Quoteable Key Fact

"Scott C. Weatherholt filed Form 4 for Weatherford International plc (WFRD) on 20 Jan 2022."

Quick Takeaways

This page summarizes Scott C. Weatherholt's Form 4 filing for Weatherford International plc (WFRD).
2 reported transactions and 2 derivative rows are listed below.
Filing timestamp: 20 Jan 2022, 17:50.

What Changed

Previous filing in this sequence was filed on 06 Jan 2022.
Current net transaction value: $0.

Why This Matters

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Official SEC Source

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

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		+21,691			21,691	18 Jan 2022	Ordinary Shares	21,691		Direct	F1
transaction	WFRD	2022 Annual Performance Share Units	Award	$0	+21,691		$0.000000	21,691	18 Jan 2022	Ordinary Shares	21,691		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.