Scott C. Weatherholt - 02 Jan 2025 Form 4 Insider Report for Weatherford International plc (WFRD)

Role
EVP, GC & CCO
Signature
Kathy Medford by Power of Attorney
Issuer symbol
WFRD
Transactions as of
02 Jan 2025
Net transactions value
-$1,732,141
Form type
4
Filing time
03 Jan 2025, 16:34:47 UTC
Previous filing
12 Feb 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 +60,570 +48% $0.000000 185,589 02 Jan 2025 Direct F1
transaction WFRD Ordinary Shares Tax liability $1,732,141 -23,961 -13% $72.29 161,628 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 -60,570 -100% $0.000000 0 02 Jan 2025 Ordinary Shares 60,570 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 60,570 performance share units ("PSUs") granted on November 1, 2021 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.