Reed David John 4
4 · Weatherford International plc · Filed Jan 22, 2024
Insider Transaction Report
Form 4
Reed David John
EVP, Chief Commercial Officer
Transactions
- Exercise/Conversion
Ordinary Shares
[F1]2024-01-18+2,824→ 9,629 total - Exercise/Conversion
Ordinary Shares
[F2]2024-01-18+1,491→ 11,120 total - Tax Payment
Ordinary Shares
[F3]2024-01-18$94.50/sh−1,615$152,618→ 9,505 total - Exercise/Conversion
Restricted Share Units
[F1]2024-01-18−2,824→ 2,824 total→ Ordinary Shares (2,824 underlying) - Exercise/Conversion
Restricted Share Units
[F2]2024-01-18−1,491→ 2,982 total→ Ordinary Shares (1,491 underlying) - Award
2024 Annual Performance Share Units
[F4]2024-01-18+3,268→ 3,268 total→ Ordinary Shares (3,268 underlying) - Award
Restricted Share Units
[F5]2024-01-18+2,179→ 2,179 total→ Ordinary Shares (2,179 underlying) - Award
Restricted Share Units
[F6]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.
Signature
Christine M. Morrison by Power of Attorney|2024-01-22