Joseph H. Mongrain - Jan 18, 2024 Form 4 Insider Report for Weatherford International plc (WFRD)

Role
EVP & Chief People Officer
Signature
Christine M. Morrison by Power of Attorney
Stock symbol
WFRD
Transactions as of
Jan 18, 2024
Transactions value $
-$200,718
Form type
4
Date filed
1/22/2024, 04:43 PM
Previous filing
Dec 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction WFRD Ordinary Shares Options Exercise $0 +3.54 K +11.61% $0.00 34 K Jan 18, 2024 Direct F1
transaction WFRD Ordinary Shares Options Exercise $0 +1.63 K +4.79% $0.00 35.7 K Jan 18, 2024 Direct F2
transaction WFRD Ordinary Shares Tax liability -$201 K -2.12 K -5.96% $94.50 33.5 K Jan 18, 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 -3.54 K -50% $0.00 3.54 K Jan 18, 2024 Ordinary Shares 3.54 K Direct F1
transaction WFRD Restricted Share Units Options Exercise $0 -1.63 K -33.35% $0.00 3.26 K Jan 18, 2024 Ordinary Shares 1.63 K Direct F2

Explanation of Responses:

Id Content
F1 Represents the vesting of 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 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.