Neal P. Goldman - Jan 18, 2023 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 18, 2023
Transactions value $
-$134,886
Form type
4
Date filed
1/20/2023, 08:36 PM
Previous filing
Jan 5, 2023
Next filing
Mar 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WFRD Ordinary Shares Options Exercise $0 +6.81K +22.74% $0.00 36.7K Jan 18, 2023 Direct F1
transaction WFRD Ordinary Shares Disposed to Issuer -$135K -2.52K -6.85% $53.59 34.2K Jan 18, 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 -6.81K -100% $0.00* 0 Jan 18, 2023 Ordinary Shares 6.81K Direct F1
transaction WFRD Restricted Share Units Award +4.1K 4.1K Jan 18, 2023 Ordinary Shares 4.1K Direct F3
* 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 18, 2022 pursuant to the terms of the Issuer's 2019 Equity Incentive Plan, as amended and restated (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.
F3 Represents a grant of RSUs on January 18, 2023 pursuant to the 2019 EIP. The RSUs vest on the first anniversary of the date of grant.