Girish Saligram - Jan 18, 2025 Form 4 Insider Report for Weatherford International plc (WFRD)

Role
President and CEO, Director
Signature
Kathy Medford by Power of Attorney
Stock symbol
WFRD
Transactions as of
Jan 18, 2025
Transactions value $
-$1,472,549
Form type
4
Date filed
1/22/2025, 05:10 PM
Previous filing
Jan 3, 2025
Next filing
Feb 10, 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 +28.2K +19.46% $0.00 173K Jan 18, 2025 Direct F1
transaction WFRD Ordinary Shares Options Exercise $0 +12.9K +7.44% $0.00 186K Jan 18, 2025 Direct F2
transaction WFRD Ordinary Shares Options Exercise $0 +9.54K +5.13% $0.00 195K Jan 18, 2025 Direct F3
transaction WFRD Ordinary Shares Tax liability -$1.47M -19.9K -10.19% $73.99 175K Jan 18, 2025 Direct F4
holding WFRD Ordinary Shares 52.1K Jan 18, 2025 Spousal Trust F5
holding WFRD Ordinary Shares 805K Jan 18, 2025 Trust F6

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 -28.2K -100% $0.00 0 Jan 18, 2025 Ordinary Shares 28.2K Direct F1
transaction WFRD Restricted Share Units Options Exercise $0 -12.9K -50% $0.00 12.9K Jan 18, 2025 Ordinary Shares 12.9K Direct F2
transaction WFRD Restricted Share Units Options Exercise $0 -9.54K -33.34% $0.00 19.1K Jan 18, 2025 Ordinary Shares 9.54K 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 Issuer's 2019 Equity Incentive Plan, as amended and restated (the "2019 EIP"). The RSUs vested in three equal annual installments over the three-year period following the grant date.
F2 Represents the vesting of RSUs granted on January 18, 2023 pursuant to the 2019 EIP. The RSUs vest in three equal annual installments over the three-year period following the grant date.
F3 Represents the vesting of RSUs granted on January 18, 2024 pursuant to the 2019 EIP. The RSUs vest in three equal annual installments over the three-year period following the grant date.
F4 Transaction was a withholding of a portion of vested RSUs to satisfy the reporting person's tax obligations upon vesting, pursuant to the 2019 EIP and the relevant award agreements.
F5 Held in a spousal lifetime access trust, of which the reporting person's spouse is the trustee and beneficiary.
F6 Held in a trust, of which the reporting person and his spouse are the grantors, trustees and beneficiaries.