Joseph H. Mongrain - 18 Jan 2024 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
18 Jan 2024
Net transactions value
-$200,718
Form type
4
Filing time
22 Jan 2024, 16:43:30 UTC
Previous 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 +3,538 +12% $0.000000 34,021 18 Jan 2024 Direct F1
transaction WFRD Ordinary Shares Options Exercise $0 +1,631 +4.8% $0.000000 35,652 18 Jan 2024 Direct F2
transaction WFRD Ordinary Shares Tax liability $200,718 -2,124 -6% $94.50 33,528 18 Jan 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 -3,538 -50% $0.000000 3,538 18 Jan 2024 Ordinary Shares 3,538 Direct F1
transaction WFRD Restricted Share Units Options Exercise $0 -1,631 -33% $0.000000 3,260 18 Jan 2024 Ordinary Shares 1,631 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 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.