Joseph H. Mongrain - 18 Jan 2023 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 2023
Net transactions value: -$53,483
Form type: 4
Filing time: 20 Jan 2023, 20:37:30 UTC
Previous filing: 19 Apr 2022
Next filing: 10 Feb 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	+3,539	+21%	$0.000000	20,610	18 Jan 2023	Direct	F1
transaction	WFRD	Ordinary Shares	Tax liability	$53,483	-998	-4.8%	$53.59	19,612	18 Jan 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	-3,539	-33%	$0.000000	7,076	18 Jan 2023	Ordinary Shares	3,539		Direct	F1
transaction	WFRD	Restricted Share Units	Award		+4,891			4,891	18 Jan 2023	Ordinary Shares	4,891		Direct	F3
transaction	WFRD	2023 Annual Performance Units	Award	$0	+7,337		$0.000000	7,337	18 Jan 2023	Ordinary Shares	7,337		Direct	F4

* 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 first installment of restricted share units ("RSUs") granted on January 18, 2022 pursuant to Issuer's 2019 Equity Incentive Plan, as amended and restated (the "2019 EIP"). The RSUs vest in three equal installments over the three-year period from the date of grant.
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.
F3	Represents restricted share units ("RSUs") granted on January 18, 2023 pursuant to the Issuer's Third 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.
F4	Represents performance share units ("PSUs") granted on January 18, 2023 under 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, 2023 and ending December 31, 2025.