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

Role: EVP, Global Product Lines
Signature: Kathy Medford by Power of Attorney
Stock symbol: WFRD
Transactions as of: Jan 2, 2025
Transactions value $: -$578,103
Form type: 4
Date filed: 1/3/2025, 04:32 PM
Previous filing: Feb 16, 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	+20K	+788.64%	$0.00	22.5K	Jan 2, 2025	Direct	F1
transaction	WFRD	Ordinary Shares	Tax liability	-$578K	-8K	-35.49%	$72.29	14.5K	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	-20K	-100%	$0.00	0	Jan 2, 2025	Ordinary Shares	20K		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 (i) 8,000 performance share units ("PSUs") granted on November 1, 2021, (ii) 10,000 PSUs granted on June 30, 2022 and (iii) 2,000 PSUs granted on December 31, 2022 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.

Content

Represents the vesting of (i) 8,000 performance share units ("PSUs") granted on November 1, 2021, (ii) 10,000 PSUs granted on June 30, 2022 and (iii) 2,000 PSUs granted on December 31, 2022 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.

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.