Scott C. Weatherholt - 18 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
18 Jan 2025
Net transactions value
-$379,347
Form type
4
Filing time
22 Jan 2025, 17:08:19 UTC
Previous filing
03 Jan 2025
Next filing
31 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 +7,230 +4.5% $0.000000 168,858 18 Jan 2025 Direct F1
transaction WFRD Ordinary Shares Options Exercise $0 +3,541 +2.1% $0.000000 172,399 18 Jan 2025 Direct F2
transaction WFRD Ordinary Shares Options Exercise $0 +2,252 +1.3% $0.000000 174,651 18 Jan 2025 Direct F3
transaction WFRD Ordinary Shares Tax liability $379,347 -5,127 -2.9% $73.99 169,524 18 Jan 2025 Direct F4

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 -7,230 -100% $0.000000 0 18 Jan 2025 Ordinary Shares 7,230 Direct F1
transaction WFRD Restricted Share Units Options Exercise $0 -3,541 -50% $0.000000 3,542 18 Jan 2025 Ordinary Shares 3,541 Direct F2
transaction WFRD Restricted Share Units Options Exercise $0 -2,252 -33% $0.000000 4,503 18 Jan 2025 Ordinary Shares 2,252 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 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 vested in three equal annual installments over the three-year period following the grant date.
F2 Represents RSUs granted on January 18, 2023 pursuant to the 2019 EIP. The RSUs vest in three equal annual installments over the three-year period following the grant date.
F3 Represents RSUs granted on January 18, 2024 pursuant to the 2019 EIP. The RSUs vest in three equal annual installments over the three-year period following the grant date.
F4 Transaction was a withholding of a portion of vested RSUs to satisfy the reporting person's tax obligations upon vesting, pursuant to the 2019 EIP and the relevant award agreements.