Mills Desmond J 4

What Happened

• Desmond J. Mills, SVP & Chief Accounting Officer of Weatherford International plc (WFRD), sold a total of 10,118 shares in two open-market transactions on Feb 6 and Feb 9, 2026. He disposed of 5,118 shares at $105.70 each ($540,973) and 5,000 shares at $104.19 each ($520,925), for aggregate proceeds of approximately $1,061,898. These were sales (code S), which are often routine insider liquidity events rather than explicit endorsements of the stock.

Key Details

• Transaction dates and prices:
  • 2026-02-06: 5,118 shares sold at $105.70 (proceeds $540,973)
  • 2026-02-09: 5,000 shares sold at $104.19 (proceeds $520,925)
• Total shares sold: 10,118; total proceeds: ~$1,061,898
• Filing: Form 4 filed 2026-02-10; appears timely (within the SEC two-business-day reporting window)
• Shares owned after transaction: Not specified in the provided filing excerpt
• Notable footnotes/plans: No 10b5-1 plan, tax-withholding, or other special footnotes indicated in the provided data

Context

• These were open-market sales, not option exercises or awards. Sales by officers can be routine (e.g., diversification or liquidity) and do not necessarily indicate a change in view on the company. For retail investors, purchases generally carry more direct informational weight than routine sales.