4//SEC Filing
Reed David John 4
Accession 0001603923-24-000033
CIK 0001603923other
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 4:46 PM ET
Size
19.2 KB
Accession
0001603923-24-000033
Insider Transaction Report
Form 4
Reed David John
EVP, Chief Commercial Officer
Transactions
- Award
Restricted Share Units
2024-01-18+2,179→ 2,179 total→ Ordinary Shares (2,179 underlying) - Exercise/Conversion
Ordinary Shares
2024-01-18+2,824→ 9,629 total - Exercise/Conversion
Ordinary Shares
2024-01-18+1,491→ 11,120 total - Award
2024 Annual Performance Share Units
2024-01-18+3,268→ 3,268 total→ Ordinary Shares (3,268 underlying) - Exercise/Conversion
Restricted Share Units
2024-01-18−2,824→ 2,824 total→ Ordinary Shares (2,824 underlying) - Exercise/Conversion
Restricted Share Units
2024-01-18−1,491→ 2,982 total→ Ordinary Shares (1,491 underlying) - Tax Payment
Ordinary Shares
2024-01-18$94.50/sh−1,615$152,618→ 9,505 total - Award
Restricted Share Units
2024-01-18+2,724→ 2,724 total→ Ordinary Shares (2,724 underlying)
Footnotes (6)
- [F1]Represents the vesting of restricted share units ("RSUs") granted on January 18, 2022 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 the vesting of RSUs granted on January 18, 2023 pursuant to the 2019 EIP. The RSUs vest in three equal installments annually over the three-year period from the date of grant.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]Represents RSUs granted on January 18, 2024 pursuant to the 2019 EIP. The RSUs vest in full on the third anniversary of the date of grant.
Documents
Issuer
Weatherford International plc
CIK 0001603923
Entity typeother
Related Parties
1- filerCIK 0002008318
Filing Metadata
- Form type
- 4
- Filed
- Jan 21, 7:00 PM ET
- Accepted
- Jan 22, 4:46 PM ET
- Size
- 19.2 KB