Benjamin Duster - 18 Jan 2023 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: 18 Jan 2023
Net transactions value: -$134,886
Form type: 4
Filing time: 20 Jan 2023, 20:35:26 UTC
Previous filing: 15 Dec 2022
Next filing: 22 May 2023
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	+6,805	+23%	$0.000000	36,734	18 Jan 2023	Direct	F1
transaction	WFRD	Ordinary Shares	Disposed to Issuer	$134,886	-2,517	-6.9%	$53.59	34,217	18 Jan 2023	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	-6,805	-100%	$0.000000^*	0	18 Jan 2023	Ordinary Shares	6,805		Direct	F1
transaction	WFRD	Restricted Share Units	Award	$0	+4,101		$0.000000	4,101	18 Jan 2023	Ordinary Shares	4,101		Direct	F3

* 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 terms of the Issuer's 2019 Equity Incentive Plan, as amended and restated (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.
F3	Represents a grant of RSUs on January 18, 2023 pursuant to the 2019 EIP. RSUs vest on the first anniversary of the date of grant.