Arunava Mitra - 02 Jan 2025 Form 4 Insider Report for Weatherford International plc (WFRD)

Role: EVP and CFO
Signature: Kathy Medford by Power of Attorney
Issuer symbol: WFRD
Transactions as of: 02 Jan 2025
Net transactions value: -$1,147,025
Form type: 4
Filing time: 03 Jan 2025, 16:31:27 UTC
Previous filing: 22 Jan 2024
Next filing: 22 Jan 2025
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	+40,000	+1585%	$0.000000	42,524	02 Jan 2025	Direct	F1
transaction	WFRD	Ordinary Shares	Tax liability	$1,147,025	-15,867	-37%	$72.29	26,657	02 Jan 2025	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	2021 Program Performance Share Units	Options Exercise	$0	-40,000	-100%	$0.000000	0	02 Jan 2025	Ordinary Shares	40,000		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the vesting of 40,000 performance share units ("PSUs") granted on January 11, 2023 under the 2021 Weatherford Accelerating Growth & Efficiency ("WAGE") Program under the Issuer's 2019 Equity Incentive Plan, as amended (the "Plan"). The awards vested at 100% based on achievement of performance metrics during the three-year performance period which ended on December 31, 2024.
F2	Transaction was a withholding of a portion of vested PSUs to satisfy the reporting person's tax obligations upon vesting, pursuant to the Plan, and the relevant award agreement.