Desmond J. Mills - Feb 6, 2025 Form 4 Insider Report for Weatherford International plc (WFRD)

Role
SVP & Chief Accounting Officer
Signature
Kathy Medford by Power of Attorney
Stock symbol
WFRD
Transactions as of
Feb 6, 2025
Transactions value $
-$1,575,196
Form type
4
Date filed
2/10/2025, 05:19 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 +10.3K +32.97% $0.00 41.4K Feb 6, 2025 Direct F1
transaction WFRD Ordinary Shares Tax liability -$264K -4.04K -9.76% $65.36 37.3K Feb 6, 2025 Direct F2
transaction WFRD Ordinary Shares Sale -$653K -9.74K -26.1% $67.00 27.6K Feb 7, 2025 Direct F3
transaction WFRD Ordinary Shares Sale -$659K -9.68K -35.1% $68.03 17.9K Feb 7, 2025 Direct 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 -10.3K -100% $0.00 0 Feb 6, 2025 Ordinary Shares 10.3K 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 2019 EIP and the relevant award agreements.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.71 to $67.63. Details on the number of shares sold at each separate price will be provided to the staff of the Securities and Exchange Commission upon request.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.74 to $68.03217. Details on the number of shares sold at each separate price will be provided to the staff of the Securities and Exchange Commission upon request.