4//SEC Filing
Restrepo William J 4
Accession 0001127602-25-000546
CIK 0001163739other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 6:35 PM ET
Size
28.4 KB
Accession
0001127602-25-000546
Insider Transaction Report
Form 4
Restrepo William J
Other
Transactions
- Disposition to Issuer
Common Stock
2024-12-31−17,317→ 92,518 total - Tax Payment
Common Stock
2025-01-01$55.17/sh−703$38,785→ 94,701 total - Tax Payment
Common Stock
2025-01-01$57.17/sh−262$14,979→ 95,514 total - Tax Payment
Common Stock
2025-01-01$55.17/sh−1,584$87,389→ 99,779 total - Exercise/Conversion
2023 Performance Share Units
2025-01-01−1,075→ 1,075 total→ Common Stock (1,075 underlying) - Exercise/Conversion
Common Stock
2025-01-01+2,886→ 95,404 total - Exercise/Conversion
2022 Performance Share Units
2025-01-01−2,886→ 0 total→ Common Stock (2,886 underlying) - Exercise/Conversion
Common Stock
2025-01-01+1,075→ 95,776 total - Award
2024 Performance Share Units
2025-01-01+17,547→ 17,547 total→ Common Stock (17,547 underlying) - Exercise/Conversion
Common Stock
2025-01-01+5,849→ 101,363 total - Award
Common Stock
2025-01-01+24,554→ 124,333 total - Exercise/Conversion
2024 Performance Share Units
2025-01-01−5,849→ 11,698 total→ Common Stock (5,849 underlying)
Holdings
- 44,212
2021 Warrants
Exercise: $166.67From: 2021-06-11Exp: 2026-06-11→ Common Stock (44,212 underlying)
Footnotes (10)
- [F1]Represents the number of TSR shares forfeited on December 31, 2024, out of a total of 17,317 TSR shares originally granted to Mr. Restrepo 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").
- [F10]These Performance restricted stock units were earned by Mr. Restrepo 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. 195.22% of the target number of performance restricted stock units granted pursuant to the terms of Mr. Restrepo's employment agreement were determined to have been earned to date. The number reported above reflects the number of earned performance restricted stock units that are payable in share-settled restricted stock units. 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.
- [F2]Reflects the number of shares vesting on January 1, 2025 in respect of the 8,659 earned and vested Performance 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 2,886 shares of the 8,659 Performance restricted stock units originally granted on January 1, 2022. The remaining 2,183 vested shares were retained by the executive.
- [F4]Reflects the number of shares vesting on January 1, 2025 in respect of the 3,225 earned and vested Performance units originally granted on January 1, 2023.
- [F5]Reflects the number of shares surrendered on January 1, 2025 to satisfy the tax withholding on the vesting and issuance of 1,075 shares of the 3,225 Performance restricted stock units originally granted on January 1, 2023. The remaining 813 vested shares were retained by the executive.
- [F6]Reflects the number of shares vesting on January 1, 2025 in respect of the 17,547 earned and vested Performance units originally granted on January 1, 2024.
- [F7]Reflects the number of shares surrendered on January 1, 2025 to satisfy the tax withholding on the vesting and issuance of 5,849 shares of the 17,547 Performance restricted stock units originally granted on January 1, 2024. The remaining 4,265 vested shares were retained by the executive.
- [F8]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.
- [F9]Performance restricted stock units convert into common shares on a 1-for-1 basis.
Documents
Issuer
NABORS INDUSTRIES LTD
CIK 0001163739
Entity typeother
Related Parties
1- filerCIK 0001334321
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 6:35 PM ET
- Size
- 28.4 KB