Joseph H. Mongrain - Jan 18, 2024 Form 4 Insider Report for Weatherford International plc (WFRD)

Role: EVP & Chief People Officer
Signature: Christine M. Morrison by Power of Attorney
Stock symbol: WFRD
Transactions as of: Jan 18, 2024
Transactions value $: -$200,718
Form type: 4
Date filed: 1/22/2024, 04:43 PM
Previous filing: Dec 7, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WFRD	Ordinary Shares	Options Exercise	$0	+3.54K	+11.61%	$0.00	34K	Jan 18, 2024	Direct	F1
transaction	WFRD	Ordinary Shares	Options Exercise	$0	+1.63K	+4.79%	$0.00	35.7K	Jan 18, 2024	Direct	F2
transaction	WFRD	Ordinary Shares	Tax liability	-$201K	-2.12K	-5.96%	$94.50	33.5K	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	-3.54K	-50%	$0.00	3.54K	Jan 18, 2024	Ordinary Shares	3.54K		Direct	F1
transaction	WFRD	Restricted Share Units	Options Exercise	$0	-1.63K	-33.35%	$0.00	3.26K	Jan 18, 2024	Ordinary Shares	1.63K		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.