William Restrepo - Dec 31, 2024 Form 4 Insider Report for NABORS INDUSTRIES LTD (NBR)

Signature
/s/ Mark D. Andrews by Power of Attorney for William Restrepo
Stock symbol
NBR
Transactions as of
Dec 31, 2024
Transactions value $
-$141,152
Form type
4
Date filed
1/3/2025, 06:35 PM
Previous filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NBR Common Stock Disposed to Issuer $0 -17.3K -15.77% $0.00 92.5K Dec 31, 2024 Direct F1
transaction NBR Common Stock Options Exercise $0 +2.89K +3.12% $0.00 95.4K Jan 1, 2025 Direct F2
transaction NBR Common Stock Tax liability -$38.8K -703 -0.74% $55.17 94.7K Jan 1, 2025 Direct F3
transaction NBR Common Stock Options Exercise $0 +1.08K +1.14% $0.00 95.8K Jan 1, 2025 Direct F4
transaction NBR Common Stock Tax liability -$15K -262 -0.27% $57.17 95.5K Jan 1, 2025 Direct F5
transaction NBR Common Stock Options Exercise $0 +5.85K +6.12% $0.00 101K Jan 1, 2025 Direct F6
transaction NBR Common Stock Tax liability -$87.4K -1.58K -1.56% $55.17 99.8K Jan 1, 2025 Direct F7
transaction NBR Common Stock Award $0 +24.6K +24.61% $0.00 124K Jan 1, 2025 Direct F8

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 2022 Performance Share Units Options Exercise $0 -2.89K -100% $0.00 0 Jan 1, 2025 Common Stock 2.89K Direct F2, F9
transaction NBR 2023 Performance Share Units Options Exercise $0 -1.08K -50% $0.00 1.08K Jan 1, 2025 Common Stock 1.08K Direct F4, F9
transaction NBR 2024 Performance Share Units Award $0 +17.5K $0.00 17.5K Jan 1, 2025 Common Stock 17.5K Direct F9, F10
transaction NBR 2024 Performance Share Units Options Exercise $0 -5.85K -33.33% $0.00 11.7K Jan 1, 2025 Common Stock 5.85K Direct F6, F9
holding NBR 2021 Warrants 44.2K Dec 31, 2024 Common Stock 44.2K $166.67 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of TSR shares forfeited on December 31, 2024, out of a total of 17,317 TSR shares originally granted to Mr. Restrepo on January 1, 2022, based on the Issuer's relative total shareholder return as compared to a peer group of companies during the three-year performance period beginning on January 1, 2022 and ending on December 31, 2024, as determined on December 31, 2024, by the Compensation Committee of the Issuer's Board of Directors (the "Compensation Committee").
F2 Reflects the number of shares vesting on January 1, 2025 in respect of the 8,659 earned and vested Performance units originally granted on January 1, 2022.
F3 Reflects the number of shares surrendered on January 1, 2025 to satisfy the tax withholding on the vesting and issuance of 2,886 shares of the 8,659 Performance restricted stock units originally granted on January 1, 2022. The remaining 2,183 vested shares were retained by the executive.
F4 Reflects the number of shares vesting on January 1, 2025 in respect of the 3,225 earned and vested Performance units originally granted on January 1, 2023.
F5 Reflects the number of shares surrendered on January 1, 2025 to satisfy the tax withholding on the vesting and issuance of 1,075 shares of the 3,225 Performance restricted stock units originally granted on January 1, 2023. The remaining 813 vested shares were retained by the executive.
F6 Reflects the number of shares vesting on January 1, 2025 in respect of the 17,547 earned and vested Performance units originally granted on January 1, 2024.
F7 Reflects the number of shares surrendered on January 1, 2025 to satisfy the tax withholding on the vesting and issuance of 5,849 shares of the 17,547 Performance restricted stock units originally granted on January 1, 2024. The remaining 4,265 vested shares were retained by the executive.
F8 Represents an award of TSR shares that will only vest at the end of a three-year performance period (January 1, 2025 to December 31, 2027) based on the Issuer's relative total shareholder return as compared to a peer group of companies. The number of shares reported represents the maximum that may be earned, which is 200% of the target number. No number of shares is guaranteed to vest and the actual number of shares that will vest at the end of the performance period may be anywhere from zero to the amount stated.
F9 Performance restricted stock units convert into common shares on a 1-for-1 basis.
F10 These Performance restricted stock units were earned by Mr. Restrepo pursuant to his employment agreement based on the achievement of certain objectives for the year 2024, as determined on December 31, 2024, by the Compensation Committee. 195.22% of the target number of performance restricted stock units granted pursuant to the terms of Mr. Restrepo's employment agreement were determined to have been earned to date. The number reported above reflects the number of earned performance restricted stock units that are payable in share-settled restricted stock units. The Performance restricted stock units that settle in shares are scheduled to vest in three (3) equal annual installments beginning on the first anniversary of the date of grant, January 1, 2025.