Girish Saligram - 02 Jan 2025 Form 4 Insider Report for Weatherford International plc (WFRD)

Signature
Kathy Medford by Power of Attorney
Issuer symbol
WFRD
Transactions as of
02 Jan 2025
Net transactions value
-$6,765,910
Form type
4
Filing time
03 Jan 2025, 16:32:54 UTC
Previous filing
23 Feb 2024
Next filing
22 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WFRD Ordinary Shares Options Exercise $0 +237,529 +29470% $0.000000 238,335 02 Jan 2025 Direct F1
transaction WFRD Ordinary Shares Tax liability $6,765,910 -93,594 -39% $72.29 144,741 02 Jan 2025 Direct F2
holding WFRD Ordinary Shares 804,820 02 Jan 2025 Trust F3, F4
holding WFRD Ordinary Shares 52,105 02 Jan 2025 Spousal Trust F5

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 -237,529 -100% $0.000000 0 02 Jan 2025 Ordinary Shares 237,529 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 performance share units ("PSUs") granted on November 1, 2021 under the 2021 Weatherford Accelerating Growth & Efficiency ("WAGE") Program under the Issuer's 2019 Equity Incentive Plan, as amended (the "Plan"). The award 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.
F3 Includes 679,925 ordinary shares previously reported as directly owned by the reporting person.
F4 Held in a trust, of which the reporting person and his spouse are the grantors, trustees and beneficiaries.
F5 Held in a spousal lifetime access trust, of which the reporting person's spouse is the trustee and beneficiary.