DAVISON CHARLES 4
4 · Weatherford International plc · Filed Jan 20, 2023
Insider Transaction Report
Form 4
DAVISON CHARLES
EVP - Operational Excellence
Transactions
- Award
Restricted Share Units
2023-01-18+10,252→ 10,252 total→ Ordinary Shares (10,252 underlying) - Award
2023 Annual Performance Units
2023-01-18+15,378→ 15,378 total→ Ordinary Shares (15,378 underlying)
Footnotes (2)
- [F1]Represents restricted share units ("RSUs") granted on January 18, 2023 pursuant to the Issuer's 2019 Equity Incentive Plan, as amended and restated (the "2019 EIP"). The RSUs vest in three equal installments annually over the three-year period from the date of grant.
- [F2]Represents performance share units ("PSUs") granted on January 18, 2023 under 2019 EIP. The number of PSUs reported is the target award and may be subject to a payout ranging from 0% to 200% of target award depending on the actual achievement of the performance goals at the end of the performance period. The PSUs vest based on actual performance at the end of the performance period, which is the Issuer's three fiscal years beginning on January 1, 2023 and ending December 31, 2025.