DAVISON CHARLES 4
4 · Weatherford International plc · Filed Jan 22, 2024
Insider Transaction Report
Form 4
DAVISON CHARLES
EVP - Operational Excellence
Transactions
- Exercise/Conversion
Ordinary Shares
2024-01-18+3,418→ 3,418 total - Exercise/Conversion
Restricted Share Units
2024-01-18−3,418→ 6,834 total→ Ordinary Shares (3,418 underlying) - Award
2024 Annual Performance Share Units
2024-01-18+4,903→ 4,903 total→ Ordinary Shares (4,903 underlying) - Award
Restricted Share Units
2024-01-18+3,268→ 3,268 total→ Ordinary Shares (3,268 underlying) - Tax Payment
Ordinary Shares
2024-01-18$94.50/sh−1,330$125,685→ 2,088 total
Footnotes (4)
- [F1]Represents the vesting of 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]Transaction was a withholding of a portion of vested RSUs 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.
- [F3]Represents performance share units ("PSUs") granted on January 18, 2024 under the 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, 2024 and ending December 31, 2026.
- [F4]Represents RSUs granted on January 18, 2024 pursuant to the 2019 EIP. The RSUs vest in three equal installments annually over the three-year period from the date of grant.