David John Reed - 17 Jan 2024 Form 3 Insider Report for Weatherford International plc (WFRD)

Role
EVP, Chief Commercial Officer
Signature
Christine M. Morrison by Power of Attorney
Issuer symbol
WFRD
Transactions as of
17 Jan 2024
Net transactions value
$0
Form type
3
Filing time
22 Jan 2024, 16:33:31 UTC
Next filing
22 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WFRD Ordinary Shares 6,805 17 Jan 2024 Direct

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
holding WFRD Restricted Share Units 17 Jan 2024 Ordinary Shares 5,648 Direct F1
holding WFRD Restricted Share Units 17 Jan 2024 Ordinary Shares 4,473 Direct F2
holding WFRD 2021 Program Performance Share Units 17 Jan 2024 Ordinary Shares 26,377 Direct F3
holding WFRD 2022 Annual Performance Share Units 17 Jan 2024 Ordinary Shares 5,648 Direct F4
holding WFRD 2023 Annual Performance Share Units 17 Jan 2024 Ordinary Shares 4,473 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted share units ("RSUs") granted on January 18, 2022 pursuant to the 2019 EIP. The RSUs vest in three equal installments annually over the three-year period from the date of grant.
F2 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.
F3 Represents performance share units ("PSUs") granted under the 2021 Weatherford Accelerating Growth & Efficiency Program of the Second Amended and Restated 2019 Equity Incentive Plan. 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.
F4 Represents PSUs granted on January 18, 2022 under the 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, 2022 and ending December 31, 2024.
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 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.