David John Reed - Jan 18, 2024 Form 4 Insider Report for Weatherford International plc (WFRD)

Role
EVP, Chief Commercial Officer
Signature
Christine M. Morrison by Power of Attorney
Stock symbol
WFRD
Transactions as of
Jan 18, 2024
Transactions value $
-$152,618
Form type
4
Date filed
1/22/2024, 04:46 PM
Previous filing
Jan 22, 2024
Next filing
Feb 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WFRD Ordinary Shares Options Exercise $0 +2.82K +41.5% $0.00 9.63K Jan 18, 2024 Direct F1
transaction WFRD Ordinary Shares Options Exercise $0 +1.49K +15.48% $0.00 11.1K Jan 18, 2024 Direct F2
transaction WFRD Ordinary Shares Tax liability -$153K -1.62K -14.52% $94.50 9.51K 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 -2.82K -50% $0.00 2.82K Jan 18, 2024 Ordinary Shares 2.82K Direct F1
transaction WFRD Restricted Share Units Options Exercise $0 -1.49K -33.33% $0.00 2.98K Jan 18, 2024 Ordinary Shares 1.49K Direct F2
transaction WFRD 2024 Annual Performance Share Units Award $0 +3.27K $0.00 3.27K Jan 18, 2024 Ordinary Shares 3.27K Direct F4
transaction WFRD Restricted Share Units Award $0 +2.18K $0.00 2.18K Jan 18, 2024 Ordinary Shares 2.18K Direct F5
transaction WFRD Restricted Share Units Award $0 +2.72K $0.00 2.72K Jan 18, 2024 Ordinary Shares 2.72K Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting of restricted share units ("RSUs") granted on January 18, 2022 pursuant to the 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.
F4 Represents performance share units ("PSUs") granted on January 18, 2024 under the 2019 EIP. The number of PSUs reported is the target award and may be subject to a payout ranging from 0% to 200% of target award depending on the actual achievement of the performance goals at the end of the performance period. The PSUs vest based on actual performance at the end of the performance period, which is the Issuer's three fiscal years beginning on January 1, 2024 and ending December 31, 2026.
F5 Represents RSUs granted on January 18, 2024 pursuant to the 2019 EIP. The RSUs vest in three equal installments annually over the three-year period from the date of grant.
F6 Represents RSUs granted on January 18, 2024 pursuant to the 2019 EIP. The RSUs vest in full on the third anniversary of the date of grant.