4//SEC Filing
Sandhu Depinder 4
Accession 0001603923-24-000034
CIK 0001603923other
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 4:48 PM ET
Size
19.2 KB
Accession
0001603923-24-000034
Insider Transaction Report
Form 4
Sandhu Depinder
EVP, Global Product Lines
Transactions
- Award
2024 Annual Performance Share Units
2024-01-18+3,268→ 3,268 total→ Ordinary Shares (3,268 underlying) - Award
Restricted Share Units
2024-01-18+2,179→ 2,179 total→ Ordinary Shares (2,179 underlying) - Tax Payment
Ordinary Shares
2024-01-18$94.50/sh−1,348$127,386→ 7,253 total - Exercise/Conversion
Ordinary Shares
2024-01-18+2,517→ 7,234 total - Exercise/Conversion
Restricted Share Units
2024-01-18−2,517→ 2,518 total→ Ordinary Shares (2,517 underlying) - Exercise/Conversion
Restricted Share Units
2024-01-18−1,367→ 2,734 total→ Ordinary Shares (1,367 underlying) - Award
Restricted Share Units
2024-01-18+2,724→ 2,724 total→ Ordinary Shares (2,724 underlying) - Exercise/Conversion
Ordinary Shares
2024-01-18+1,367→ 8,601 total
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 0002008179
Filing Metadata
- Form type
- 4
- Filed
- Jan 21, 7:00 PM ET
- Accepted
- Jan 22, 4:48 PM ET
- Size
- 19.2 KB