Girish Saligram - 12 Oct 2022 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 2022
Net transactions value: -$735,179
Form type: 4
Filing time: 13 Oct 2022, 17:02:27 UTC
Previous filing: 20 Jan 2022
Next filing: 06 Jan 2023
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	+27%	$0.000000	269,066	12 Oct 2022	Direct	F1
transaction	WFRD	Ordinary Shares	Tax liability	$735,179	-22,231	-8.3%	$33.07	246,835	12 Oct 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	-56,497	-50%	$0.000000	56,497	12 Oct 2022	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 second 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"). These 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 performance share units to satisfy the reporting person's tax withholding obligations upon vesting, pursuant to the award agreement and the 2019 EIP under which the award was granted.