Girish Saligram - Feb 6, 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
Feb 6, 2025
Transactions value $
-$5,934,296
Form type
4
Date filed
2/10/2025, 05:17 PM
Previous filing
Jan 22, 2025
Next filing
Mar 11, 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 +231K +131.54% $0.00 406K Feb 6, 2025 Direct F1
transaction WFRD Ordinary Shares Tax liability -$5.93M -90.8K -22.36% $65.36 315K Feb 6, 2025 Direct F2
holding WFRD Ordinary Shares 52.1K Feb 6, 2025 Spousal Trust F3
holding WFRD Ordinary Shares 805K Feb 6, 2025 Trust F4

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 2022 Annual Performance Share Units Options Exercise $0 -231K -100% $0.00 0 Feb 6, 2025 Ordinary Shares 231K 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 January 18, 2022 under the Issuer's 2019 Equity Incentive Plan, as amended and restated (the "2019 EIP"). The award vested at 182% 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 Held in a spousal lifetime access trust, of which the reporting person's spouse is the trustee and beneficiary.
F4 Held in a trust, of which the reporting person and his spouse are the grantors, trustees and beneficiaries.