Dhruv Anuj Hasit 4

What Happened

• Dhruv Anuj Hasit, Weatherford International's Executive VP and Chief Financial Officer, was granted a total of 20,640 equity units on March 7, 2026: 8,256 restricted share units (RSUs) and 12,384 performance share units (PSUs). Each grant was reported at $0.00 per unit (awards/derivatives), so no cash was paid in this transaction.

Key Details

• Transaction date: March 7, 2026; Form 4 filed March 10, 2026 (appears timely).
• Grants: 8,256 RSUs (F1) and 12,384 PSUs (F2); total = 20,640 units.
• Price: $0.00 per unit (award/derivative grant).
• Shares owned after transaction: not disclosed in this filing.
• Footnotes: RSUs vest in three equal annual installments after the grant. PSUs are performance-based (target = 12,384 units) and may pay 0%–200% of target depending on performance for fiscal years 2026–2028.
• No 10b5-1 plan, tax withholding, cash exercise, or sale reported in this filing.

Context

• These are award grants (derivative units), not open-market purchases or sales; they represent compensation tied to time (RSUs) and future performance (PSUs), so they do not by themselves signal a buy/sell view by the insider. PSUs will only convert to shares (and possibly a higher or lower payout) based on Weatherford’s actual performance over the 2026–2028 performance period.