WARD RICHARD D 4

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.