Reed David John 4
4 · Weatherford International plc · Filed Jan 3, 2025
Insider Transaction Report
Form 4
Reed David John
EVP, Chief Commercial Officer
Transactions
- Exercise/Conversion
Ordinary Shares
2025-01-02+26,377→ 26,377 total - Tax Payment
Ordinary Shares
2025-01-02$72.29/sh−10,506$759,479→ 15,871 total - Exercise/Conversion
2021 Program Performance Share Units
2025-01-02−26,377→ 0 total→ Ordinary Shares (26,377 underlying)
Footnotes (2)
- [F1]Represents the vesting of (i) 21,377 performance share units ("PSUs") granted on November 1, 2021 and (ii) 5,000 PSUs granted on June 30, 2022, under the 2021 Weatherford Accelerating Growth & Efficiency ("WAGE") Program under the Issuer's 2019 Equity Incentive Plan, as amended (the "Plan"). The awards vested at 100% based on achievement of performance metrics during the three-year performance period which ended on December 31, 2024.
- [F2]Transaction was a withholding of a portion of vested PSUs to satisfy the reporting person's tax obligations upon vesting, pursuant to the Plan, and the relevant award agreement.