Saligram Girish 4

What Happened
Saligram Girish, President and CEO of Weatherford International plc (WFRD), had restricted share units (RSUs) vest on January 18, 2026 and the RSUs were converted into common shares. A total of 22,396 shares resulted from the vesting/conversion (12,862 + 9,534). To satisfy tax withholding obligations, 8,868 of the newly vested shares were withheld/sold at $83.74 per share for proceeds of $742,606. The RSU conversion is reported as derivative exercises (transaction code M); the withholding/sale is reported as a tax-payment/disposition (transaction code F).

Key Details

• Transaction date: January 18, 2026; Form 4 filed January 21, 2026.
• Shares from RSU vesting/conversion: 12,862 and 9,534 (total 22,396) acquired at $0.00 (these were RSUs, not purchase-priced option exercises).
• Tax-related disposition: 8,868 shares withheld/disposed at $83.74 each for $742,606 (footnote F3).
• Relevant footnotes: F1 (RSUs granted Jan 18, 2023, vested in three annual installments), F2 (RSUs granted Jan 18, 2024, vest over three years), F3 (withholding to satisfy taxes), F4–F6 (some holdings reported as held in trusts).
• Shares owned after the transaction are not specified in the provided filing details.

Context

• This was a routine vesting of previously granted RSUs, not an open‑market purchase. The zero exercise price reflects RSU conversion rather than exercising stock options for cash.
• The withholding/sale of shares to satisfy tax obligations is a common administrative step and does not, by itself, signal a discretionary sale for investment reasons.