Form 4 for NBR NABORS INDUSTRIES LTD
Accepted 2022-01-04 00:00:00 ET · period of report 2021-12-31 · accession 0001127602-22-000690 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-01-04 | 2021-12-31+ | NBR | PETRELLO ANTHONY G | COB, Pres, CEO, Dir | F - Tax | $85.18 | -29.1K | 210.4K | -12% | -$2.48M |
| D | 2022-01-04 | 2022-01-01 | NBR | PETRELLO ANTHONY G | COB, Pres, CEO, Dir | A - Grant | $0.00 | +30.3K | 211.5K | +17% | $0 |
| D | 2022-01-04 | 2022-01-04 | NBR | PETRELLO ANTHONY G | COB, Pres, CEO, Dir | M - OptEx | $0.00 | +18.4K | 209.0K | +10% | $0 |
| DI | 2022-01-04 | 2021-12-28 | NBR | PETRELLO ANTHONY G | COB, Pres, CEO, Dir | G - Gift | $0.00 | -3,500 | 136.5K | -2% | $0 |
| D | 2022-01-04 | 2021-12-31 | NBR | PETRELLO ANTHONY G | COB, Pres, CEO, Dir | D - Sale to Iss | $0.00 | -20.9K | 189.4K | -10% | $0 |
| DM | 2022-01-04 | 2022-01-04 | NBR | PETRELLO ANTHONY G | COB, Pres, CEO, Dir | A - Grant | $57.02 | +84.0K | 55.3K | New | +$4.79M |
| D | 2022-01-04 | 2022-01-04 | NBR | PETRELLO ANTHONY G | COB, Pres, CEO, Dir | M - OptEx | $0.00 | -18.4K | 36.9K | -33% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-12-31 | F | D | 8,232 | $81.09 | 181,206 | D | — | — | (F4) Reflects the number of shares surrendered on December 31, 2021 to satisfy the tax withholding on the vesting of 20,916 TSR shares earned out of a total of 41,832 shares originally granted to Mr. Petrello on January 2, 2019, based on the Issuer's relative total shareholder return as compared to a peer group of companies during the three-year performance period beginning on January 1, 2019 and ending on December 31, 2021, as determined on December 31, 2021 by the Compensation Committee. The remaining 12,685 earned and vested shares were retained by the executive. |
| 2 | Common | Common Stock | 2022-01-01 | A | A | 30,305 | $0.00 | 211,511 | D | — | — | (F5) Represents an award of TSR shares that will only vest at the end of a three-year performance period (January 1, 2022 to December 31, 2024) based on the Issuer's relative total shareholder return as compared to a peer group of companies. The number of shares reported represents the maximum that may be earned, which is 200% of the target number. No number of shares is guaranteed to vest and the actual number of shares that will vest at the end of the performance period may be anywhere from zero to the amount stated. |
| 3 | Common | Common Stock | 2022-01-02 | F | D | 6,690 | $81.09 | 204,821 | D | — | — | (F6) Reflects the number of shares surrendered on January 2, 2022 to satisfy the tax withholding on the vesting of 16,999 shares of the 50,996 Performance shares originally granted on January 2, 2020. The remaining 10,309 vested shares were retained by the executive. |
| 4 | Common | Common Stock | 2022-01-02 | F | D | 6,973 | $81.09 | 197,848 | D | — | — | (F7) Reflects the number of shares surrendered on January 2, 2022 to satisfy the tax withholding on the vesting of 17,260 Performance restricted stock units of the 51,779 Performance restricted stock units earned on January 2, 2021. The remaining 10,287 vested Performance shares were retained by the executive. |
| 5 | Common | Common Stock | 2022-01-04 | F | D | 7,252 | $97.52 | 190,596 | D | — | — | (F8) Reflects the number of shares surrendered on January 4, 2022 to satisfy the tax withholding on the vesting of 18,428 shares of the 55,284 Performance restricted stock units originally granted on January 4, 2021. The remaining 11,176 vested shares were retained by the executive. |
| 6 | Common | Common Stock | 2022-01-04 | M | A | 18,428 | $0.00 | 209,024 | D | — | — | (F9) Reflects the number of shares vesting on January 4, 2022 of the 55,284 earned Performance units settled in shares originally granted on January 4, 2021. |
| 7 | Common | Common Stock | 2021-12-28 | G | D | 3,500 | $0.00 | 136,525 | I Trust | — | — | |
| 8 | Common | Common Stock | 2021-12-31 | F | D | 3 | $82.33 | 210,354 | D | — | — | (F2) Reflects the number of shares surrendered on December 31, 2021 to satisfy the tax withholding on the vesting of 5 restricted shares out of the 15 restricted shares originally granted on December 31, 2018. The 2 vested shares remaining were retained by the executive. |
| 9 | Common | Common Stock | 2021-12-31 | D | D | 20,916 | $0.00 | 189,438 | D | — | — | (F3) Represents the number of TSR shares forfeited on December 31, 2021, out of a total of 41,832 TSR shares originally granted to Mr. Petrello on January 2, 2019, based on the Issuer's relative total shareholder return as compared to a peer group of companies during the three-year performance period beginning on January 1, 2019 and ending on December 31, 2021, as determined on December 31, 2021, by the Compensation Committee of the Issuer's Board of Directors (the "Compensation Committee"). |
| 10 | Derivative | 2021 Warrants | 2022-01-04 | A | A | 28,748 | $166.67 | 28,748 | D | $166.67 · 2021-06-11 to 2026-06-11 | 28,748 Common Stock | (F12) These warrants were distributed in connection with the Performance restricted stock units earned by Mr. Petrello as determined on December 31, 2021 by the Compensation Committee and which have vested. |
| 11 | Derivative | 2021 Performance Share Units | 2022-01-04 | A | A | 55,284 | $0.00 | 55,284 | D | — · — to — | 55,284 Common Stock | (F11) These Performance restricted stock units were earned by Mr. Petrello pursuant to his employment agreement based on the achievement of certain objectives for the year 2021, as determined on December 31, 2021, by the Compensation Committee. 196.66% of the target number of performance restricted stock units granted pursuant to the terms of Mr. Petrello's employment agreement were determined to have been earned. The number reported above reflects the number of earned performance restricted stock units that are payable in share-settled restricted stock units. The remaining 53,441 performance restricted stock units were settled in cash pursuant to the terms of the applicable award agreement. The Performance restricted stock units that settle in shares are scheduled to vest in three (3) equal annual installments beginning on the first anniversary of the date of grant, January 4, 2022. (F10) Performance Share Units convert into common shares on a 1-for-1 basis. |
| 12 | Derivative | 2021 Performance Share Units | 2022-01-04 | M | D | 18,428 | $0.00 | 36,856 | D | — · — to — | 18,428 Common Stock | (F9) Reflects the number of shares vesting on January 4, 2022 of the 55,284 earned Performance units settled in shares originally granted on January 4, 2021. (F10) Performance Share Units convert into common shares on a 1-for-1 basis. (F11) These Performance restricted stock units were earned by Mr. Petrello pursuant to his employment agreement based on the achievement of certain objectives for the year 2021, as determined on December 31, 2021, by the Compensation Committee. 196.66% of the target number of performance restricted stock units granted pursuant to the terms of Mr. Petrello's employment agreement were determined to have been earned. The number reported above reflects the number of earned performance restricted stock units that are payable in share-settled restricted stock units. The remaining 53,441 performance restricted stock units were settled in cash pursuant to the terms of the applicable award agreement. The Performance restricted stock units that settle in shares are scheduled to vest in three (3) equal annual installments beginning on the first anniversary of the date of grant, January 4, 2022. |