Mongrain Joseph H 4
4 · Weatherford International plc · Filed Jan 20, 2023
Insider Transaction Report
Form 4
Mongrain Joseph H
EVP and CHRO
Transactions
- Award
2023 Annual Performance Units
2023-01-18+7,337→ 7,337 total→ Ordinary Shares (7,337 underlying) - Exercise/Conversion
Ordinary Shares
2023-01-18+3,539→ 20,610 total - Tax Payment
Ordinary Shares
2023-01-18$53.59/sh−998$53,483→ 19,612 total - Exercise/Conversion
Restricted Share Units
2023-01-18−3,539→ 7,076 total→ Ordinary Shares (3,539 underlying) - Award
Restricted Share Units
2023-01-18+4,891→ 4,891 total→ Ordinary Shares (4,891 underlying)
Footnotes (4)
- [F1]Represents the vesting of the first installment of restricted share units ("RSUs") granted on January 18, 2022 pursuant to Issuer's 2019 Equity Incentive Plan, as amended and restated (the "2019 EIP"). The RSUs vest in three equal installments over the three-year period from the date of grant.
- [F2]Transaction was a withholding of a portion of vested performance share units to satisfy the reporting person's tax withholding obligations upon vesting, pursuant to the award agreement and the 2019 EIP under which the award was granted.
- [F3]Represents restricted share units ("RSUs") granted on January 18, 2023 pursuant to the Issuer's Third Amended and Restated 2019 Equity Incentive Plan (the "2019 EIP"). The RSUs vest in three equal installments annually over the three-year period from the date of grant.
- [F4]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.