Desmond J. Mills - Jan 18, 2024 Form 4 Insider Report for Weatherford International plc (WFRD)

Role
SVP & Chief Accounting Officer
Signature
Christine M. Morrison by Power of Attorney
Stock symbol
WFRD
Transactions as of
Jan 18, 2024
Transactions value $
-$163,863
Form type
4
Date filed
1/22/2024, 04:40 PM
Previous filing
May 19, 2023
Next filing
Feb 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WFRD Ordinary Shares Options Exercise $0 +2.82K +10.53% $0.00 29.6K Jan 18, 2024 Direct F1
transaction WFRD Ordinary Shares Options Exercise $0 +1.37K +4.62% $0.00 30.9K Jan 18, 2024 Direct F2
transaction WFRD Ordinary Shares Tax liability -$164K -1.73K -5.6% $94.50 29.2K Jan 18, 2024 Direct F3

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 -2.82K -50% $0.00 2.82K Jan 18, 2024 Ordinary Shares 2.82K Direct F1
transaction WFRD Restricted Share Units Options Exercise $0 -1.37K -33.33% $0.00 2.73K Jan 18, 2024 Ordinary Shares 1.37K Direct F2
transaction WFRD 2024 Annual Performance Share Units Award $0 +2.86K $0.00 2.86K Jan 18, 2024 Ordinary Shares 2.86K Direct F4
transaction WFRD Restricted Share Units Award $0 +2.86K $0.00 2.86K Jan 18, 2024 Ordinary Shares 2.86K Direct F5
transaction WFRD Restricted Share Units Award $0 +2.72K $0.00 2.72K Jan 18, 2024 Ordinary Shares 2.72K Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting 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 annually over the three-year period from the date of grant.
F2 Represents the vesting of 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 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.
F4 Represents performance share units ("PSUs") granted on January 18, 2024 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, 2024 and ending December 31, 2026.
F5 Represents RSUs granted on January 18, 2024 pursuant to the 2019 EIP. The RSUs vest in three equal installments annually over the three-year period from the date of grant.
F6 Represents RSUs granted on January 18, 2024 pursuant to the 2019 EIP. The RSUs vest in full on the third anniversary of the grant date.