Mongrain Joseph H 4
4 · Weatherford International plc · Filed Feb 10, 2023
Insider Transaction Report
Form 4
Mongrain Joseph H
EVP and CHRO
Transactions
- Award
Ordinary Shares
2023-02-08+45,130→ 64,742 total - Tax Payment
Ordinary Shares
2023-02-08$64.48/sh−15,874$1,023,556→ 48,868 total
Footnotes (2)
- [F1]Represents the vesting of a non-derivative performance restricted share unit award (the "PSU") under the 2019 Equity Incentive Plan, as amended and restated (the "2019 EIP"), that was originally granted on January 4, 2021. The PSU vested at 200% of Target based on the achievement of the Performance Goals (as defined in the 2019 EIP and the PSU agreement) at maximum achievement.
- [F2]Transaction was a withholding of a portion of vested PSUs 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.