Weatherford International plc 4
4 · Weatherford International plc · Filed Jan 26, 2017
Insider Transaction Report
Form 4
Ruscev Mario
EVP - Product Lines
Transactions
- Award
Ordinary Shares
2017-01-24+340,909→ 830,588 total - Award
Performance Units
2017-01-24+340,909→ 340,909 total→ Ordinary Shares - Tax Payment
Ordinary Shares
2016-11-06$3.85/sh−49,121$189,116→ 489,679 total
Footnotes (3)
- [F1]Transaction was a withholding of a portion of vested restricted share units to satisfy the reporting person's tax withholding obligations upon vesting, pursuant to the award agreement and associated equity incentive plan under which the award was granted.
- [F2]Transaction was a grant of restricted share units and therefore has no price. Units are scheduled to vest in equal increments on each of January 24, 2018, 2019 and 2020.
- [F3]Performance units are scheduled to vest in equal increments on each of January 24, 2018, 2019 and 2020. Each performance unit represents a contingent right to receive 0 to 2 shares, based on the achievement of specified increases in share price at the end of each of the 2017-2019 performance periods.