Form 4 for NBR NABORS INDUSTRIES LTD
Accepted 2023-01-04 00:00:00 ET · period of report 2023-01-01 · accession 0001127602-23-000694 · 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 | 2023-01-04 | 2023-01-01+ | NBR | Restrepo William J | CFO | F - Tax | $153.47 | -6,072 | 112.0K | -5% | -$931.9K |
| D | 2023-01-04 | 2023-01-02 | NBR | Restrepo William J | CFO | D - Sale to Iss | $0.00 | -4,398 | 107.6K | -4% | $0 |
| DM | 2023-01-04 | 2023-01-01+ | NBR | Restrepo William J | CFO | M - OptEx | $0.00 | +6,309 | 104.6K | +6% | $0 |
| D | 2023-01-04 | 2023-01-01 | NBR | Restrepo William J | CFO | A - Grant | $0.00 | +10.2K | 113.6K | +10% | $0 |
| DM | 2023-01-04 | 2023-01-01+ | NBR | Restrepo William J | CFO | A - Grant | $0.00 | +11.3K | 8,659 | New | $0 |
| DM | 2023-01-04 | 2023-01-01+ | NBR | Restrepo William J | CFO | M - OptEx | $0.00 | -6,309 | 3,422 | -65% | $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 | 2023-01-02 | F | D | 753 | $154.87 | 112,891 | D | — | — | (F4) Reflects the number of shares surrendered on January 2, 2023 to satisfy the tax withholding on the vesting of 2,830 shares of the 8,494 Performance shares originally granted on January 2, 2020. The remaining 2,077 vested shares were retained by Mr. Restrepo. |
| 2 | Common | Common Stock | 2023-01-02 | D | D | 4,398 | $0.00 | 107,572 | D | — | — | (F6) Represents the number of TSR shares forfeited on January 1, 2023, out of a total of 9,774 TSR shares originally granted to Mr. Restrepo on January 2, 2020, 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, 2020 and ending on December 31, 2022, as determined on December 31, 2022, by the Compensation Committee of the Issuer's Board of Directors (the "Compensation Committee"). |
| 3 | Common | Common Stock | 2023-01-02 | F | D | 1,915 | $154.87 | 105,657 | D | — | — | (F7) Reflects the number of shares surrendered on January 1, 2023 to satisfy the tax withholding on the vesting of 5,376 TSR shares earned out of a total of 9,774 TSR shares originally granted to Mr. Restrepo on January 2, 2020, 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, 2020 and ending on December 31, 2022, as determined on December 31, 2022 by the Compensation Committee. The remaining 3,461 earned and vested shares were retained by Mr. Restrepo. |
| 4 | Common | Common Stock | 2023-01-04 | M | A | 3,423 | $0.00 | 109,080 | D | — | — | (F8) Reflects the number of shares vesting on January 4, 2023 of the 10,267 earned Performance units settled in shares originally granted on January 4, 2021. |
| 5 | Common | Common Stock | 2023-01-04 | F | D | 1,347 | $148.55 | 107,733 | D | — | — | (F9) Reflects the number of shares surrendered on January 4, 2023 to satisfy the tax withholding on the vesting of 3,423 shares of the 10,267 Performance restricted stock units originally granted on January 4, 2021. The remaining 2,076 vested shares were retained by Mr. Restrepo. |
| 6 | Common | Common Stock | 2023-01-01 | A | A | 10,196 | $0.00 | 113,644 | D | — | — | (F3) Represents an award of TSR shares that will only vest at the end of a three-year performance period (January 1, 2023 to December 31, 2025) 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. |
| 7 | Common | Common Stock | 2023-01-01 | F | D | 1,136 | $154.87 | 103,448 | D | — | — | (F2) Reflects the number of shares surrendered on January 1, 2023 to satisfy the tax withholding on the vesting and issuance of 2,886 shares of the 8,659 Performance restricted stock units originally granted on January 1, 2022. The remaining 1,750 vested shares were retained by the executive. |
| 8 | Common | Common Stock | 2023-01-01 | M | A | 2,886 | $0.00 | 104,584 | D | — | — | (F1) Reflects the number of shares vesting on January 1, 2023 in respect of the 8,659 earned and vested Performance units originally granted on January 1, 2022. |
| 9 | Common | Common Stock | 2023-01-02 | F | D | 921 | $154.87 | 111,970 | D | — | — | (F5) Reflects the number of shares surrendered on January 2, 2023 to satisfy the tax withholding on the vesting of 3,258 Performance restricted stock units of the 9,776 Performance restricted stock units earned on January 2, 2021. The remaining 2,337 vested Performance shares were retained by Mr. Restrepo. |
| 10 | Derivative | 2021 Warrants | 2023-01-04 | A | A | 1,368 | $0.00 | 43,382 | D | $166.67 · 2021-06-11 to 2026-06-11 | 1,368 Common Stock | (F14) These warrants were earned in connection with the vesting of Performance restricted stock units on January 4, 2023 by Mr. Restrepo and distributed pursuant to the terms of the applicable award agreements as determined by the Compensation Committee on December 31, 2022. |
| 11 | Derivative | 2021 Warrants | 2023-01-02 | A | A | 1,303 | $0.00 | 42,014 | D | $166.67 · 2021-06-11 to 2026-06-11 | 1,303 Common Stock | (F12) These warrants were earned in connection with the vesting of Performance restricted stock units on January 2, 2023 by Mr. Restrepo and distributed pursuant to the terms of the applicable award agreements as determined by the Compensation Committee on December 31, 2022. |
| 12 | Derivative | 2022 Performance Share Units | 2023-01-01 | M | D | 2,886 | $0.00 | 5,773 | D | — · — to — | 2,886 Common Stock | (F1) Reflects the number of shares vesting on January 1, 2023 in respect of the 8,659 earned and vested Performance units originally granted on January 1, 2022. (F10) Performance Share Units convert into common shares on a 1-for-1 basis. |
| 13 | Derivative | 2022 Performance Share Units | 2023-01-01 | A | A | 8,659 | $0.00 | 8,659 | D | — · — to — | 8,659 Common Stock | (F11) These Performance restricted stock units were earned by Mr. Restrepo pursuant to his employment agreement based on the achievement of certain objectives for the year 2022, as determined on December 31, 2022, by the Compensation Committee. 187.0% of the target number of performance restricted stock units granted pursuant to the terms of Mr. Restrepo's employment agreement were determined to have been earned to date. The number reported above reflects the number of earned performance restricted stock units that are payable in share-settled restricted stock units. The remaining 7,533 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 1, 2023. (F10) Performance Share Units convert into common shares on a 1-for-1 basis. |
| 14 | Derivative | 2021 Performance Share Units | 2023-01-04 | M | D | 3,423 | $0.00 | 3,422 | D | — · — to — | 3,423 Common Stock | (F13) Reflects the number of shares vesting on January 4, 2023 of the 10,267 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. |