David John Reed - 18 Jan 2024 Form 4 Insider Report for Weatherford International plc (WFRD)

Role: EVP, Chief Commercial Officer
Signature: Christine M. Morrison by Power of Attorney
Issuer symbol: WFRD
Transactions as of: 18 Jan 2024
Net transactions value: -$152,618
Form type: 4
Filing time: 22 Jan 2024, 16:46:09 UTC
Previous filing: 22 Jan 2024
Next filing: 16 Feb 2024
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	+2,824	+41%	$0.000000	9,629	18 Jan 2024	Direct	F1
transaction	WFRD	Ordinary Shares	Options Exercise	$0	+1,491	+15%	$0.000000	11,120	18 Jan 2024	Direct	F2
transaction	WFRD	Ordinary Shares	Tax liability	$152,618	-1,615	-15%	$94.50	9,505	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	-2,824	-50%	$0.000000	2,824	18 Jan 2024	Ordinary Shares	2,824		Direct	F1
transaction	WFRD	Restricted Share Units	Options Exercise	$0	-1,491	-33%	$0.000000	2,982	18 Jan 2024	Ordinary Shares	1,491		Direct	F2
transaction	WFRD	2024 Annual Performance Share Units	Award	$0	+3,268		$0.000000	3,268	18 Jan 2024	Ordinary Shares	3,268		Direct	F4
transaction	WFRD	Restricted Share Units	Award	$0	+2,179		$0.000000	2,179	18 Jan 2024	Ordinary Shares	2,179		Direct	F5
transaction	WFRD	Restricted Share Units	Award	$0	+2,724		$0.000000	2,724	18 Jan 2024	Ordinary Shares	2,724		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 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	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 date of grant.