Saligram Girish 4

4 · Weatherford International plc · Filed Mar 10, 2026

AI-generated summary of this filing

Updated Mar 11, 2026

Weatherford (WFRD) CEO Saligram Girish Exercises Derivatives, Receives RSU/PSU Awards

What Happened

Saligram Girish, President & CEO and Director of Weatherford International (WFRD), had restricted/share-unit activity on March 7, 2026. The filing shows a conversion/exercise of 15,291 derivative units (coded M) and the withholding/disposition of 6,018 shares to cover tax obligations at $90.80 per share (coded F), totaling $546,434. In addition, Girish was granted new equity awards on March 7, 2026: 28,380 RSUs (time‑based) and 85,141 PSUs (performance‑based, target amount).

Key Details

Transaction date: March 7, 2026; Form 4 filed March 10, 2026 (appears timely).
Concrete amounts and values:
- Exercise/conversion (M): 15,291 shares @ $0.00 (reported as conversion of derivative).
- Tax withholding/disposition (F): 6,018 shares @ $90.80 = $546,434 (to satisfy withholding obligations).
- Grants (A) on 3/7/2026: 28,380 RSUs (time‑based) and 85,141 PSUs (performance‑based, target).
Shares owned after transaction: Not specified in the excerpt; see the full Form 4 for total post‑transaction beneficial ownership.
Footnote highlights:
- F1: Vesting of RSUs originally granted 3/7/2025 (vest in three equal annual installments).
- F2: The 6,018‑share disposition reflects withholding to satisfy tax obligations on vested RSUs.
- F5: 28,380 RSUs granted 3/7/2026, vesting over three years.
- F6: 85,141 PSUs granted 3/7/2026 are target amounts; final payout may be 0%–200% based on performance through 2028.
- F3/F4: Some holdings are reported as held in trusts (grantor trusts/GRAT).
Transaction codes: M = exercise/conversion of derivative, F = tax withholding/payment, A = award/grant.

Context

This filing appears to reflect routine equity compensation activity: vesting/conversion of prior awards, withholding of a portion of vested shares to cover taxes, and receipt of new time‑based RSUs and performance PSUs. The only shares disposed were withheld for taxes (not an open‑market sale), and the PSUs are performance‑contingent (payout may vary from 0–200% of target).

Form 4

Period: 2026-03-07

DirectorPresident and CEO

Transactions

Exercise/Conversion
Ordinary Shares
[F1]
2026-03-07+15,291→ 132,367 total
Tax Payment
Ordinary Shares
[F2]
2026-03-07$90.80/sh−6,018$546,434→ 126,349 total
Exercise/Conversion
2025 Restricted Share Units
[F1]
2026-03-07−15,291→ 30,579 total
→ Ordinary Shares (15,291 underlying)
Award
2026 Restricted Share Units
[F5]
2026-03-07+28,380→ 28,380 total
→ Ordinary Shares (28,380 underlying)
Award
2026 Performance Share Units
[F6]
2026-03-07+85,141→ 85,141 total
→ Ordinary Shares (85,141 underlying)

Holdings

Footnotes (6)

[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]Held in a trust, of which the reporting person and his spouse are the grantors, trustees and beneficiaries.
[F4]Held in a grantor retained annuity trust of which the reporting person is the grantor, trustee and annuitant, with a remainder interest in favor of the reporting person's children.
[F5]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.
[F6]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

1 file