Mills Desmond J 4

4 · Weatherford International plc · Filed Mar 10, 2026

AI-generated summary of this filing

Updated Mar 11, 2026

Weatherford (WFRD) SVP Desmond Mills Receives Awards, Sells 672 Shares

What Happened

Desmond J. Mills, SVP & Chief Accounting Officer, reported activity on March 7, 2026: certain derivative awards converted/vested into 1,706 shares (reported as exercise/conversion), 672 shares were withheld/disposed to cover taxes at $90.80 per share (proceeds $61,018), and he received new awards of 3,225 RSUs and 3,225 PSUs (target) granted the same day. The derivative and grant entries show $0 per share (typical for RSU/PSU conversions and grants).

Key Details

Transaction date: March 7, 2026; Form 4 filed March 10, 2026.
Tax-withholding disposition: 672 shares at $90.80 = $61,018 (code F — withholding to satisfy tax liability).
Exercise/conversion entries: 1,706 shares reported as converted/exercised (code M) at $0.00 — reflects conversion of vested units to shares.
New awards: 3,225 RSUs (code A) and 3,225 PSUs (code A, target amount) granted on March 7, 2026; both grants show $0.00 price.
Shares owned after the transactions: not specified in the provided data.
Footnotes:
- F1/F2: Some RSUs vested (from a March 7, 2025 grant) and a portion was withheld for taxes.
- F3: 3,225 RSUs granted on March 7, 2026 vest in three equal annual installments.
- F4: 3,225 PSUs granted on March 7, 2026 are performance-based (0–200% payout) over fiscal years 2026–2028.

Context

This appears to be routine equity compensation activity: vesting/conversion of restricted share units, tax-withholding via surrender/withholding of shares (not an open-market sale), and new RSU/PSU grants. The 672-share disposition was to satisfy tax obligations rather than a discretionary cash sale. The PSUs are performance-contingent and may pay out above or below target depending on results through 2028.

Form 4

Period: 2026-03-07

SVP & Chief Accounting Officer

Transactions

Exercise/Conversion
Ordinary Shares
[F1]
2026-03-07+1,706→ 14,605 total
Tax Payment
Ordinary Shares
[F2]
2026-03-07$90.80/sh−672$61,018→ 13,933 total
Exercise/Conversion
2025 Restricted Share Units
[F1]
2026-03-07−1,706→ 3,409 total
→ Ordinary Shares (1,706 underlying)
Award
2025 Restricted Share Units
[F3]
2026-03-07+3,225→ 3,225 total
→ Ordinary Shares (3,225 underlying)
Award
2026 Performance Share Units
[F4]
2026-03-07+3,225→ 3,225 total
→ Ordinary Shares (3,225 underlying)

Footnotes (4)

[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]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.
[F4]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

2 files