Mills Desmond J 4

What Happened

• Desmond J. Mills, Senior Vice President & Chief Accounting Officer at Weatherford, had restricted share units (RSUs) vest on January 18, 2026. The vesting resulted in the conversion/acquisition of 2,320 shares (1,367 and 953 shares from separate grants). To cover tax obligations, 1,007 of those shares were withheld (disposed) at $83.74 per share, totaling about $84,326. The conversions are reported as derivative exercises/conversions (code M) and the withholding is reported with code F.

Key Details

• Transaction date: January 18, 2026; filing date: January 21, 2026 (Form 4 accession 0001861969-26-000003).
• Conversion/acquisition: 1,367 and 953 shares at $0.00 (RSU conversion to common shares), total 2,320 shares.
• Withholding/tax payment: 1,007 shares disposed at $83.74 each = $84,326 (code F).
• Shares owned after transaction: Not specified in the provided filing data.
• Footnotes:
  • F1: RSUs granted Jan 18, 2023 (vested in 3 equal annual installments).
  • F2: RSUs granted Jan 18, 2024 (vest in 3 equal annual installments).
  • F3: Withholding of a portion of vested RSUs to satisfy tax obligations per the 2019 Equity Incentive Plan.

Context

• These transactions reflect routine vesting of RSU awards and the standard withholding of shares to cover taxes, not an open-market sale or purchase. The filing shows conversion of awards into shares (derivative exercise/conversion) and a tax-withholding disposition — common, administrative actions that don't necessarily indicate a change in insider sentiment.