Form 4 for NBR NABORS INDUSTRIES LTD
Accepted 2024-01-03 00:00:00 ET · period of report 2024-01-01 · accession 0001127602-24-000621 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-01-03 | 2024-01-02 | NBR | Restrepo William J | CFO | D - Sale to Iss | $0.00 | -20.5K | 107.8K | -16% | $0 |
| DM | 2024-01-03 | 2024-01-01+ | NBR | Restrepo William J | CFO | M - OptEx | $0.00 | +7,384 | 111.7K | +7% | $0 |
| DM | 2024-01-03 | 2024-01-01+ | NBR | Restrepo William J | CFO | F - Tax | $81.25 | -2,723 | 110.7K | -2% | -$221.2K |
| D | 2024-01-03 | 2024-01-01 | NBR | Restrepo William J | CFO | A - Grant | $0.00 | +18.0K | 128.7K | +16% | $0 |
| DM | 2024-01-03 | 2024-01-01+ | NBR | Restrepo William J | CFO | M - OptEx | $0.00 | -7,384 | 2,150 | -77% | $0 |
| D | 2024-01-03 | 2024-01-02 | NBR | Restrepo William J | CFO | F - Tax | $10.50 | -539 | 44.2K | -1% | -$5,660 |
| DM | 2024-01-03 | 2024-01-01+ | NBR | Restrepo William J | CFO | A - Grant | $0.00 | +4,594 | 3,225 | New | $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 | 2024-01-02 | D | D | 20,534 | $0.00 | 107,760 | D | — | — | (F6) Represents the number of TSR shares forfeited on January 2, 2024, out of a total of 20,534 TSR shares originally granted to Mr. Restrepo on January 4, 2021, 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, 2021 and ending on December 31, 2023, as determined on December 31, 2023, by the Compensation Committee of the Issuer's Board of Directors (the "Compensation Committee"). |
| 2 | Common | Common Stock | 2024-01-02 | M | A | 3,422 | $0.00 | 111,182 | D | — | — | (F7) Reflects the number of shares vesting on January 2, 2024 of the 10,267 earned Performance units settled in shares originally granted on January 4, 2021. |
| 3 | Common | Common Stock | 2024-01-02 | F | D | 1,347 | $80.86 | 109,835 | D | — | — | (F8) Reflects the number of shares surrendered on January 2, 2024 to satisfy the tax withholding on the vesting of 3,422 shares of the 10,267 Performance restricted stock units originally granted on January 4, 2021. The remaining 2,075 vested shares were retained by Mr. Restrepo. |
| 4 | Common | Common Stock | 2024-01-01 | F | D | 424 | $81.63 | 128,294 | D | — | — | (F5) Reflects the number of shares surrendered on January 1, 2024 to satisfy the tax withholding on the vesting and issuance of 1,075 shares of the 3,225 Performance restricted stock units originally granted on January 1, 2023. The remaining 651 vested shares were retained by the executive. |
| 5 | Common | Common Stock | 2024-01-01 | A | A | 17,975 | $0.00 | 128,718 | D | — | — | (F4) Represents an award of TSR shares that will only vest at the end of a three-year performance period (January 1, 2024 to December 31, 2026) 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. |
| 6 | Common | Common Stock | 2024-01-01 | F | D | 952 | $81.63 | 110,743 | D | — | — | (F3) Reflects the number of shares surrendered on January 1, 2024 to satisfy the tax withholding on the vesting and issuance of 2,887 shares of the 8,659 Performance restricted stock units originally granted on January 1, 2022. The remaining 1,935 vested shares were retained by the executive. |
| 7 | Common | Common Stock | 2024-01-01 | M | A | 1,075 | $0.00 | 108,808 | D | — | — | (F1) Reflects the number of shares vesting on January 1, 2024 in respect of the 3,225 earned and vested Performance units originally granted on January 1, 2023. |
| 8 | Common | Common Stock | 2024-01-01 | M | A | 2,887 | $0.00 | 111,695 | D | — | — | (F2) Reflects the number of shares vesting on January 1, 2024 in respect of the 8,659 earned and vested Performance units originally granted on January 1, 2022. |
| 9 | Derivative | 2021 Performance Share Units | 2024-01-02 | M | D | 3,422 | $0.00 | 0 | D | — · — to — | 3,422 Common Stock | (F7) Reflects the number of shares vesting on January 2, 2024 of the 10,267 earned Performance units settled in shares originally granted on January 4, 2021. (F9) Performance restricted stock units convert into common shares on a 1-for-1 basis. |
| 10 | Derivative | 2021 Warrants | 2024-01-02 | F | D | 539 | $10.50 | 44,212 | D | $166.67 · 2021-06-11 to 2026-06-11 | 539 Common Stock | (F12) Reflects the number of warrants surrendered on January 2, 2024 to satisfy the tax withholding on the vesting of 1,369 warrants distributed on January 2, 2024 related to vesting of Performance restricted stock units on January 2, 2024 by Mr. Restrepo and distributed pursuant to the terms of the applicable award agreement. The 830 vested warrants remaining were retained by Mr. Restrepo. |
| 11 | Derivative | 2021 Warrants | 2024-01-02 | A | A | 1,369 | $0.00 | 44,751 | D | $166.67 · 2021-06-11 to 2026-06-11 | 1,369 Common Stock | (F11) These warrants were earned in connection with the vesting of Performance restricted stock units on January 2, 2024 by Mr. Restrepo and distributed pursuant to the terms of the applicable award agreements as determined by the Compensation Committee on December 31, 2023. |
| 12 | Derivative | 2022 Performance Share Units | 2024-01-01 | M | D | 2,887 | $0.00 | 2,886 | D | — · — to — | 2,887 Common Stock | (F2) Reflects the number of shares vesting on January 1, 2024 in respect of the 8,659 earned and vested Performance units originally granted on January 1, 2022. (F9) Performance restricted stock units convert into common shares on a 1-for-1 basis. |
| 13 | Derivative | 2023 Performance Share Units | 2024-01-01 | A | A | 3,225 | $0.00 | 3,225 | D | — · — to — | 3,225 Common Stock | (F10) 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 2023, as determined on December 31, 2023, by the Compensation Committee. 126.5% 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 3,224 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, 2024. (F9) Performance restricted stock units convert into common shares on a 1-for-1 basis. |
| 14 | Derivative | 2023 Performance Share Units | 2024-01-01 | M | D | 1,075 | $0.00 | 2,150 | D | — · — to — | 1,075 Common Stock | (F1) Reflects the number of shares vesting on January 1, 2024 in respect of the 3,225 earned and vested Performance units originally granted on January 1, 2023. (F9) Performance restricted stock units convert into common shares on a 1-for-1 basis. |