Benjamin Duster - 18 Jan 2024 Form 4 Insider Report for Weatherford International plc (WFRD)

Role
Director
Signature
Christine M. Morrison by Power of Attorney
Issuer symbol
WFRD
Transactions as of
18 Jan 2024
Net transactions value
-$143,356
Form type
4
Filing time
22 Jan 2024, 16:38:09 UTC
Previous filing
16 Jan 2024
Next filing
12 Feb 2024
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 +4,101 +12% $0.000000 38,318 18 Jan 2024 Direct F1
transaction WFRD Ordinary Shares Disposed to Issuer $143,356 -1,517 -4% $94.50 36,801 18 Jan 2024 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 -4,101 -100% $0.000000* 0 18 Jan 2024 Ordinary Shares 4,101 Direct F1
transaction WFRD Restricted Share Units Award $0 +2,397 $0.000000 2,397 18 Jan 2024 Ordinary Shares 2,397 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 1. Represents the vesting of restricted share units ("RSUs") granted on January 18, 2023 pursuant to the Issuer's 2019 Equity Incentive Plan, as amended and restated (the "2019 EIP"). The RSUs vest on the first anniversary of the grant date.
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 RSUs granted on January 18, 2024 pursuant to the 2019 EIP. The RSUs vest on the first anniversary of the grant date.