Arunava Mitra - Jan 2, 2025 Form 4 Insider Report for Weatherford International plc (WFRD)

Role: EVP and CFO
Signature: Kathy Medford by Power of Attorney
Stock symbol: WFRD
Transactions as of: Jan 2, 2025
Transactions value $: -$1,147,025
Form type: 4
Date filed: 1/3/2025, 04:31 PM
Previous filing: Jan 22, 2024
Next filing: Jan 22, 2025
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	+40K	+1584.79%	$0.00	42.5K	Jan 2, 2025	Direct	F1
transaction	WFRD	Ordinary Shares	Tax liability	-$1.15M	-15.9K	-37.31%	$72.29	26.7K	Jan 2, 2025	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	2021 Program Performance Share Units	Options Exercise	$0	-40K	-100%	$0.00	0	Jan 2, 2025	Ordinary Shares	40K		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 40,000 performance share units ("PSUs") granted on January 11, 2023 under the 2021 Weatherford Accelerating Growth & Efficiency ("WAGE") Program under the Issuer's 2019 Equity Incentive Plan, as amended (the "Plan"). The awards vested at 100% based on achievement of performance metrics during the three-year performance period which ended on December 31, 2024.
F2	Transaction was a withholding of a portion of vested PSUs to satisfy the reporting person's tax obligations upon vesting, pursuant to the Plan, and the relevant award agreement.