Charles Davison - Jan 18, 2024 Form 4 Insider Report for Weatherford International plc (WFRD)

Role: Chief Fulfillment and Enter...
Signature: Christine M. Morrison by Power of Attorney
Stock symbol: WFRD
Transactions as of: Jan 18, 2024
Transactions value $: -$125,685
Form type: 4
Date filed: 1/22/2024, 04:42 PM
Previous filing: Jan 20, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WFRD	Ordinary Shares	Options Exercise	$0	+3.42K		$0.00	3.42K	Jan 18, 2024	Direct	F1
transaction	WFRD	Ordinary Shares	Tax liability	-$126K	-1.33K	-38.91%	$94.50	2.09K	Jan 18, 2024	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	-3.42K	-33.34%	$0.00	6.83K	Jan 18, 2024	Ordinary Shares	3.42K		Direct	F1
transaction	WFRD	2024 Annual Performance Share Units	Award	$0	+4.9K		$0.00	4.9K	Jan 18, 2024	Ordinary Shares	4.9K		Direct	F3
transaction	WFRD	Restricted Share Units	Award	$0	+3.27K		$0.00	3.27K	Jan 18, 2024	Ordinary Shares	3.27K		Direct	F4

* 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, 2023 pursuant to the 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	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.
F3	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.
F4	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.