Anthony G. Petrello - Feb 22, 2022 Form 4 Insider Report for NABORS INDUSTRIES LTD (NBR)

Role
CHAIRMAN, PRESIDENT & CEO, Director
Signature
/s/ Mark D. Andrews by Power of Attorney for Anthony G. Petrello
Stock symbol
NBR
Transactions as of
Feb 22, 2022
Transactions value $
$488,454
Form type
4
Date filed
2/24/2022, 04:17 PM
Previous filing
Jan 4, 2022
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NBR Common Stock Tax liability -$662K -5.24K -2.51% $126.28 204K Feb 22, 2022 Direct F1
holding NBR Common Stock 137K Feb 22, 2022 Trust

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 NBR 2021 Warrants Award $1.15M +6.9K +24.02% $166.67 35.7K Feb 22, 2022 Common Stock 6.9K $166.67 Direct F2
holding NBR 2021 Warrants 126K Feb 22, 2022 Common Stock 126K $166.67 Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the number of shares surrendered on February 22, 2022 to satisfy the tax withholding on the vesting of 13,325 shares of the 39,975 performance shares originally granted on February 22, 2019. The remaining 8,081 vested shares were retained by the executive.
F2 These warrants were earned in connection with the vesting of Performance restricted stock units on January 2, 2022 by Mr. Petrello and distributed pursuant to the terms of the applicable award agreement on February 22, 2022 as determined by the Compensation Committee on February 11, 2022.