WARD RICHARD D 4

What Happened

• Richard D. Ward, EVP Global Field Operations at Weatherford International (WFRD), had 1,816 restricted share units (RSUs) convert to common shares on Jan 18, 2026. The conversion is reported as an exercise/conversion of a derivative (code M) at $0.00 per share.
• To satisfy tax withholding obligations, 534 of the vested shares were withheld (reported as a disposition under code F) at a reported value of $83.74 per share, totaling $44,717. The remaining vested shares were retained by the insider.
• This was not an open‑market purchase or discretionary sale of stock but a routine vesting of previously granted RSUs with a portion withheld to pay taxes.

Key Details

• Transaction date: January 18, 2026. Form 4 filed January 21, 2026.
• Reported entries: 1,816 shares acquired via derivative conversion (M) @ $0.00; 534 shares withheld for taxes (F) @ $83.74 each = $44,717.
• Shares owned after the transaction: not specified in the Form 4 provided.
• Footnotes: F1 — RSUs were granted on Jan 18, 2024 and vest in three equal annual installments under the 2019 Equity Incentive Plan. F2 — A portion of vested RSUs was withheld to satisfy tax obligations pursuant to the plan/award agreements.
• Filing timing: Form 4 was filed three days after the transaction date; investors may check the filing for timeliness under the SEC’s two‑business‑day reporting rule.

Context

• The filings describe an RSU vesting event (conversion of deferred/derivative awards into shares) rather than a market buy or voluntary sale. Withholding shares to cover tax obligations is a common administrative practice and typically does not signal a trading decision about the company’s stock.