Benjamin Duster - 04 Jan 2022 Form 4 Insider Report for Weatherford International plc (WFRD)

Role: Director
Signature: Jonathan B. Wolens by Power of Attorney
Issuer symbol: WFRD
Transactions as of: 04 Jan 2022
Transactions value $: -$490,398
Form type: 4
Filing time: 06 Jan 2022, 15:22:55 UTC
Previous filing: 23 Jul 2021
Next filing: 20 Jan 2022
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	+47,506		$0	47,506	04 Jan 2022	Direct	F1
transaction	WFRD	Ordinary Shares	Disposed to Issuer	-$490,398	-17,577	-37%	$27.9	29,929	04 Jan 2022	Direct	F2

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	-47,506	-100%	$0^*	0	04 Jan 2022	Ordinary Shares	47,506		Direct	F1

* 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 4, 2021 pursuant to Issuer's Second Amended and Restated 2019 Equity Incentive Plan (the "2019 EIP"). The RSUs vest on the first anniversary of the date of grant.
F2	At the election of the Committee administering the 2019 EIP, the vesting of the RSUs was settled partially in stock and partially in cash. Represents the deemed disposition of the ordinary shares underlying the portion of vested RSUs settled in cash.