Desmond J. Mills - 18 Jan 2023 Form 4 Insider Report for Weatherford International plc (WFRD)

Role: SVP & Chief Accounting Officer
Signature: Jonathan B. Wolens by Power of Attorney
Issuer symbol: WFRD
Transactions as of: 18 Jan 2023
Net transactions value: -$44,480
Form type: 4
Filing time: 20 Jan 2023, 20:37:47 UTC
Previous filing: 27 Jul 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	+2,817	+24%	$0.000000	14,497	18 Jan 2023	Direct	F1
transaction	WFRD	Ordinary Shares	Tax liability	$44,480	-830	-5.7%	$53.59	13,667	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	-2,817	-33%	$0.000000	5,634	18 Jan 2023	Ordinary Shares	2,817		Direct	F1
transaction	WFRD	Restricted Share Units	Award		+4,101			4,101	18 Jan 2023	Ordinary Shares	4,101		Direct	F3
transaction	WFRD	2023 Annual Performance Units	Award	$0	+4,101		$0.000000	4,101	18 Jan 2023	Ordinary Shares	4,101		Direct	F4
transaction	WFRD	2021 Program Performance Share Units	Award	$0	+5,000	+23%	$0.000000	27,102	18 Jan 2023	Ordinary Shares	5,000		Direct	F5

* 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 RSUs granted on January 18, 2023 pursuant to 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.
F5	Represents PSUs granted on January 18, 2023 under the 2019 EIP. The number of PSUs reported is the target award and may be subject to a payout ranging from 0% to 100% of target award depending on the actual achievement of the performance goals at the end of the performance period. The performance period is the Issuer's fiscal years beginning on January 1, 2022 ending December 31, 2024.