Joseph H. Mongrain - 15 Apr 2023 Form 4 Insider Report for Weatherford International plc (WFRD)

Role: EVP & Chief People Officer
Signature: Christine M. Morrison by Power of Attorney
Issuer symbol: WFRD
Transactions as of: 15 Apr 2023
Net transactions value: -$579,000
Form type: 4
Filing time: 18 Apr 2023, 18:22:25 UTC
Previous filing: 03 Mar 2023
Next filing: 07 Dec 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	+22,565	+67%	$0.000000	56,433	15 Apr 2023	Direct	F1
transaction	WFRD	Ordinary Shares	Tax liability	$579,000	-8,879	-16%	$65.21	47,554	15 Apr 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	-22,565	-100%	$0.000000^*	0	15 Apr 2023	Ordinary Shares	22,565		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 April 15, 2021 pursuant to Issuer's 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.