Girish Saligram - Feb 8, 2023 Form 4 Insider Report for Weatherford International plc (WFRD)

Role
President and CEO, Director
Signature
Jonathan B. Wolens by Power of Attorney
Stock symbol
WFRD
Transactions as of
Feb 8, 2023
Transactions value $
-$25,357,792
Form type
4
Date filed
2/10/2023, 06:58 PM
Previous filing
Jan 20, 2023
Next filing
May 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WFRD Ordinary Shares Award $0 +999K +294.36% $0.00 1.34M Feb 8, 2023 Direct F1
transaction WFRD Ordinary Shares Tax liability -$25.4M -393K -29.37% $64.48 946K Feb 8, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting of a non-derivative performance restricted share unit award (the "PSU") under the 2019 Equity Incentive Plan, as amended and restated (the "2019 EIP"), that was originally granted on January 4, 2021. The PSU vested at 200% of Target based on the achievement of the Performance Goals (as defined in the 2019 EIP and the PSU agreement) at maximum achievement.
F2 Transaction was a withholding of a portion of vested PSUs 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.