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

Role: President and CEO, Director
Signature: Christine M. Morrison by Power of Attorney
Stock symbol: WFRD
Transactions as of: Jan 18, 2024
Transactions value $: -$1,533,546
Form type: 4
Date filed: 1/22/2024, 04:44 PM
Previous filing: Oct 13, 2023
Next filing: Feb 23, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WFRD	Ordinary Shares	Options Exercise	$0	+28.2K	+3.61%	$0.00	808K	Jan 18, 2024	Direct	F1
transaction	WFRD	Ordinary Shares	Options Exercise	$0	+12.9K	+1.59%	$0.00	821K	Jan 18, 2024	Direct	F2
transaction	WFRD	Ordinary Shares	Tax liability	-$1.53M	-16.2K	-1.98%	$94.50	805K	Jan 18, 2024	Direct	F3
holding	WFRD	Ordinary Shares						42.1K	Jan 18, 2024	Spousal Trust	F4
holding	WFRD	Ordinary Shares						82.9K	Jan 18, 2024	Trust	F5

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	-28.2K	-50%	$0.00	28.2K	Jan 18, 2024	Ordinary Shares	28.2K		Direct	F1
transaction	WFRD	Restricted Share Units	Options Exercise	$0	-12.9K	-33.33%	$0.00	25.7K	Jan 18, 2024	Ordinary Shares	12.9K		Direct	F2
transaction	WFRD	2024 Annual Performance Share Units	Award	$0	+66.7K		$0.00	66.7K	Jan 18, 2024	Ordinary Shares	66.7K		Direct	F6
transaction	WFRD	Restricted Share Units	Award	$0	+28.6K		$0.00	28.6K	Jan 18, 2024	Ordinary Shares	28.6K		Direct	F7

* 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	Held in a spousal lifetime access trust, of which the reporting person's spouse is the trustee and beneficiary.
F5	Held in a trust, of which the reporting person and his spouse are the grantors, trustees and beneficiaries.
F6	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.
F7	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.