SLEDGE CHARLES M 4

What Happened

• Charles M. Sledge, a director of Weatherford International plc, had restricted share units (RSUs) vest on March 7, 2026. The filing shows the conversion of 6,667 RSUs into ordinary shares; 2,467 of those shares were settled for cash at $90.80 per share, producing $224,004. The filing also reports a new grant of 3,646 RSUs on March 7, 2026 (no cash value on grant).

Key Details

• Transaction date: March 7, 2026; Form 4 filed March 10, 2026 (appears timely).
• Cash settlement: 2,467 shares × $90.80 = $224,004 (footnote F2: Committee elected partial cash settlement of vested RSUs).
• Conversion/vesting: 6,667 RSUs vested and converted (entries show acquisition and corresponding derivative disposition at $0) (footnote F1: these were RSUs granted 3/7/2025).
• New grant: 3,646 RSUs granted 3/7/2026 that vest in full on the first anniversary (footnote F3).
• Shares owned after the transaction: not specified in the filing.
• No 10b5-1 plan or late filing flag disclosed.

Context

• These transactions reflect RSU vesting and a partial cash settlement to the issuer (a routine administrative/tax settlement), not an open‑market sale. Conversion of RSUs into shares and cash settlements are common and do not, by themselves, indicate insider sentiment about the company. Purchases are generally more indicative of bullish intent; this filing reports vesting/conversion and a cash settlement.