4//SEC Filing
PETRELLO ANTHONY G 4
Accession 0001127602-25-000533
CIK 0001163739other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 6:30 PM ET
Size
28.8 KB
Accession
0001127602-25-000533
Insider Transaction Report
Form 4
PETRELLO ANTHONY G
DirectorPRESIDENT AND COO
Transactions
- Disposition to Issuer
Common Stock
2024-12-31−30,305→ 71,685 total - Tax Payment
Common Stock
2025-01-01$57.17/sh−5,662$323,697→ 96,515 total - Award
Common Stock
2025-01-01+42,970→ 139,485 total - Exercise/Conversion
Common Stock
2025-01-01+5,016→ 88,196 total - Exercise/Conversion
2023 Performance Share Units
2025-01-01−5,016→ 5,016 total→ Common Stock (5,016 underlying) - Tax Payment
Common Stock
2025-01-01$57.17/sh−1,974$112,854→ 83,180 total - Award
2024 Performance Share Units
2025-01-01+41,942→ 41,942 total→ Common Stock (41,942 underlying) - Exercise/Conversion
Common Stock
2025-01-01+13,469→ 85,154 total - Exercise/Conversion
Common Stock
2025-01-01+13,981→ 102,177 total - Exercise/Conversion
2022 Performance Share Units
2025-01-01−13,469→ 0 total→ Common Stock (13,469 underlying) - Exercise/Conversion
2024 Performance Share Units
2025-01-01−13,981→ 27,961 total→ Common Stock (13,981 underlying)
Holdings
- 265,577(indirect: By Trust)
Common Stock
- 4,470
2021 Warrants
Exercise: $166.67From: 2021-06-11Exp: 2026-06-11→ Common Stock (4,470 underlying) - 170,649(indirect: By Trust)
2021 Warrants
Exercise: $166.67From: 2021-06-11Exp: 2026-06-11→ Common Stock (170,649 underlying)
Footnotes (9)
- [F1]Represents the number of TSR shares forfeited on December 31, 2024, out of a total of 30,305 TSR shares originally granted to Mr. Petrello on January 1, 2022, based on the Issuer's relative total shareholder return as compared to a peer group of companies during the three-year performance period beginning on January 1, 2022 and ending on December 31, 2024, as determined on December 31, 2024, by the Compensation Committee of the Issuer's Board of Directors (the "Compensation Committee").
- [F2]Reflects the number of shares vesting on January 1, 2025 in respect of the 40,406 earned and vested Performance restricted stock units originally granted on January 1, 2022.
- [F3]Reflects the number of shares surrendered on January 1, 2025 to satisfy the tax withholding on the vesting and issuance of 5,016 shares of the 15,048 Performance restricted stock units originally granted on January 1, 2023. The remaining 3,042 vested performance shares were retained by Mr. Petrello.
- [F4]Reflects the number of shares vesting on January 1, 2025 in respect of the 15,048 earned and vested Performance restricted stock units originally granted on January 1, 2023.
- [F5]Reflects the number of shares vesting on January 1, 2025 in respect of the 41,942 earned and vested Performance restricted stock units originally granted on January 1, 2024.
- [F6]Reflects the number of shares surrendered on January 1, 2025 to satisfy the tax withholding on the vesting and issuance of 13,981 shares of the 41,942 Performance restricted stock units originally granted on January 1, 2024. The remaining 8,319 vested performance shares were retained by Mr. Petrello.
- [F7]Represents an award of TSR shares that will only vest at the end of a three-year performance period (January 1, 2025 to December 31, 2027) based on the Issuer's relative total shareholder return as compared to a peer group of companies. The number of shares reported represents the maximum that may be earned, which is 200% of the target number. No number of shares is guaranteed to vest and the actual number of shares that will vest at the end of the performance period may be anywhere from zero to the amount stated.
- [F8]Performance restricted stock units convert into common shares on a 1-for-1 basis.
- [F9]These Performance restricted stock units were earned by Mr. Petrello pursuant to his employment agreement based on the achievement of certain objectives for the year 2024, as determined on December 31, 2024, by the Compensation Committee. 190.32% of the target number of performance restricted stock units granted pursuant to the terms of Mr. Petrello's employment agreement were determined to have been earned. The number reported above reflects the number of earned performance restricted stock units that are payable in share-settled restricted stock units. The remaining 37,886 performance restricted stock units were settled in cash pursuant to the terms of the applicable award agreement. The Performance restricted stock units that settle in shares are scheduled to vest in three (3) equal annual installments beginning on the first anniversary of the date of grant, January 1, 2025.
Documents
Issuer
NABORS INDUSTRIES LTD
CIK 0001163739
Entity typeother
Related Parties
1- filerCIK 0001195669
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 6:30 PM ET
- Size
- 28.8 KB