Girish Saligram - Jan 4, 2023 Form 4 Insider Report for Weatherford International plc (WFRD)

Signature
Jonathan B. Wolens by Power of Attorney
Stock symbol
WFRD
Transactions as of
Jan 4, 2023
Transactions value $
$0
Form type
4
Date filed
1/6/2023, 05:24 PM
Previous filing
Oct 13, 2022
Next filing
Jan 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WFRD Ordinary Shares Options Exercise $0 +125K +50.61% $0.00 372K Jan 4, 2023 Direct F1
transaction WFRD Ordinary Shares Tax liability $0 -49.3K -13.27% $0.00 322K Jan 4, 2023 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 -125K -100% $0.00* 0 Jan 4, 2023 Ordinary Shares 125K 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 last installment 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 in two equal installments over the two-year period from the date of grant.
F2 Transaction was a withholding of a portion of vested RSUs 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.