WARD RICHARD D 4
4 · Weatherford International plc · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Weatherford (WFRD) EVP Richard Ward Receives RSU/PSU Awards; Withholds Shares
What Happened
Richard D. Ward, EVP Global Field Operations at Weatherford (WFRD), had 3,559 restricted share units (RSUs) vest on March 7, 2026. To satisfy tax withholding, 867 of those shares were withheld (market value reported at $90.80 per share, total $78,724), leaving a net issuance of 2,692 shares to Ward. On the same date he was also granted 4,128 new RSUs and 6,192 performance share units (PSUs); these are awards, not open-market purchases.
Key Details
- Transaction date: March 7, 2026; Form filed March 10, 2026 (no late filing indicated in the provided data).
- Vesting/conversion: 3,559 RSUs converted to shares (reported at $0 exercise price).
- Tax withholding: 867 shares withheld and disposed at $90.80 each, total $78,724 (code F).
- Grants: 4,128 RSUs (code A) and 6,192 PSUs (code A) were awarded on March 7, 2026.
- Net shares received from vesting: 3,559 vested − 867 withheld = 2,692 net shares issued.
- Shares owned after transaction: Not provided in the supplied filing details.
- Footnotes: RSUs vest in three equal annual installments (2025 grant vesting schedule noted); 2026 RSUs vest over three years; PSUs are performance-based (target shown; payout may range 0%–200% based on performance for fiscal years 2026–2028).
Context
- This activity is routine compensation-related equity vesting and new equity grants, not an open-market buy or discretionary sale.
- The withheld shares to cover taxes (code F) are a common administrative step when RSUs vest and do not necessarily indicate a change in the insider’s view of the company.
- PSUs are performance-contingent awards—actual shares received later could be higher or lower than the target depending on results.
Insider Transaction Report
Form 4
WARD RICHARD D
EVP Global Field Operations
Transactions
- Exercise/Conversion
Ordinary Shares
[F1]2026-03-07+3,559→ 6,119 total - Tax Payment
Ordinary Shares
[F2]2026-03-07$90.80/sh−867$78,724→ 5,252 total - Exercise/Conversion
2025 Restricted Share Units
[F1]2026-03-07−3,559→ 7,116 total→ Ordinary Shares (3,559 underlying) - Award
2026 Restricted Share Units
[F3]2026-03-07+4,128→ 4,128 total→ Ordinary Shares (4,128 underlying) - Award
2026 Performance Share Units
[F4]2026-03-07+6,192→ 6,192 total→ Ordinary Shares (6,192 underlying)
Footnotes (4)
- [F1]Represents the vesting of restricted share units ("RSUs") granted on March 7, 2025 pursuant to Issuer's 2019 Equity Incentive Plan, as amended and restated (the "2019 EIP"). The RSUs vest in three equal annual installments over the three-year period following the grant date.
- [F2]Represents the withholding of a portion of vested RSUs to satisfy the reporting person's tax obligations upon vesting, pursuant to the 2019 EIP and the relevant award agreements.
- [F3]Represents RSUs granted on March 7, 2026 pursuant to the 2019 EIP. The RSUs vest in three equal annual installments over the three-year period following the grant date.
- [F4]Represents performance share units ("PSUs") granted on March 7, 2026 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 the 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 during the Issuer's three fiscal years beginning on January 1, 2026 and ending December 31, 2028.
Signature
Kathy Medford by Power of Attorney|2026-03-10