Saligram Girish 4

What Happened Saligram Girish, President, CEO and a director of Weatherford International plc, had 137,755 performance share units convert into common shares on Feb 4, 2026. Of those shares, 54,207 were withheld to cover tax obligations at a reported value of $99.97 per share, totaling $5,419,074. After withholding, Girish retained a net 83,548 shares. The award vested at 153% of target for the three‑year performance period ending Dec 31, 2025.

Key Details

• Transaction date: 2026-02-04; Form 4 filed 2026-02-06 (timely).
• Conversion code: M (exercise/conversion of derivative) — 137,755 shares converted to common shares at $0.00 exercise price.
• Withholding code: F — 54,207 shares disposed to satisfy tax withholding at $99.97/share for $5,419,074.
• Net new shares received by Girish: 83,548 common shares.
• Footnotes: PSUs were granted Jan 18, 2023 under the 2019 Equity Incentive Plan and vested at 153% of target (F1); withholding was used to satisfy tax obligations (F2). Additional footnotes note certain holdings are in trusts (F3–F5).
• Filing timeliness: No late filing indicated.

Context This was a vested PSU conversion with share withholding for taxes (a routine, cashless-type settlement), not an open‑market sale or purchase. Derivative conversion (M) means restricted/performance units converted into common stock; the F entry reflects shares surrendered/withheld to cover taxes. Such vesting payments reflect prior compensation awards and do not necessarily signal the insider’s current market view.