Form 4 for NBR NABORS INDUSTRIES LTD
Accepted 2025-01-03 00:00:00 ET · period of report 2024-12-31 · accession 0001127602-25-000546 · 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 | 2025-01-03 | 2025-01-01 | NBR | Restrepo William J | CFO | F - Tax | $55.38 | -2,549 | 94.7K | -3% | -$141.2K |
| D | 2025-01-03 | 2025-01-01 | NBR | Restrepo William J | CFO | A - Grant | $0.00 | +24.6K | 124.3K | +25% | $0 |
| DM | 2025-01-03 | 2025-01-01 | NBR | Restrepo William J | CFO | M - OptEx | $0.00 | +9,810 | 95.4K | +11% | $0 |
| D | 2025-01-03 | 2024-12-31 | NBR | Restrepo William J | CFO | D - Sale to Iss | $0.00 | -17.3K | 92.5K | -16% | $0 |
| DM | 2025-01-03 | 2025-01-01 | NBR | Restrepo William J | CFO | M - OptEx | $0.00 | -9,810 | 0 | -100% | $0 |
| D | 2025-01-03 | 2025-01-01 | NBR | Restrepo William J | CFO | A - Grant | $0.00 | +17.5K | 17.5K | 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 | 2025-01-01 | F | D | 1,584 | $55.17 | 99,779 | D | — | — | (F7) Reflects the number of shares surrendered on January 1, 2025 to satisfy the tax withholding on the vesting and issuance of 5,849 shares of the 17,547 Performance restricted stock units originally granted on January 1, 2024. The remaining 4,265 vested shares were retained by the executive. |
| 2 | Common | Common Stock | 2025-01-01 | A | A | 24,554 | $0.00 | 124,333 | D | — | — | (F8) Represents an award of TSR shares that will only vest at the end of a three-year performance period (January 1, 2025 to December 31, 2027) 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 | 2025-01-01 | M | A | 5,849 | $0.00 | 101,363 | D | — | — | (F6) Reflects the number of shares vesting on January 1, 2025 in respect of the 17,547 earned and vested Performance units originally granted on January 1, 2024. |
| 4 | Common | Common Stock | 2025-01-01 | F | D | 262 | $57.17 | 95,514 | D | — | — | (F5) Reflects the number of shares surrendered on January 1, 2025 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 813 vested shares were retained by the executive. |
| 5 | Common | Common Stock | 2025-01-01 | M | A | 1,075 | $0.00 | 95,776 | D | — | — | (F4) Reflects the number of shares vesting on January 1, 2025 in respect of the 3,225 earned and vested Performance units originally granted on January 1, 2023. |
| 6 | Common | Common Stock | 2025-01-01 | M | A | 2,886 | $0.00 | 95,404 | D | — | — | (F2) Reflects the number of shares vesting on January 1, 2025 in respect of the 8,659 earned and vested Performance units originally granted on January 1, 2022. |
| 7 | Common | Common Stock | 2024-12-31 | D | D | 17,317 | $0.00 | 92,518 | D | — | — | (F1) Represents the number of TSR shares forfeited on December 31, 2024, out of a total of 17,317 TSR shares originally granted to Mr. Restrepo on January 1, 2022, 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, 2022 and ending on December 31, 2024, as determined on December 31, 2024, by the Compensation Committee of the Issuer's Board of Directors (the "Compensation Committee"). |
| 8 | Common | Common Stock | 2025-01-01 | F | D | 703 | $55.17 | 94,701 | D | — | — | (F3) Reflects the number of shares surrendered on January 1, 2025 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 2,183 vested shares were retained by the executive. |
| 9 | Derivative | 2023 Performance Share Units | 2025-01-01 | M | D | 1,075 | $0.00 | 1,075 | D | — · — to — | 1,075 Common Stock | (F4) Reflects the number of shares vesting on January 1, 2025 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. |
| 10 | Derivative | 2024 Performance Share Units | 2025-01-01 | M | D | 5,849 | $0.00 | 11,698 | D | — · — to — | 5,849 Common Stock | (F6) Reflects the number of shares vesting on January 1, 2025 in respect of the 17,547 earned and vested Performance units originally granted on January 1, 2024. (F9) Performance restricted stock units convert into common shares on a 1-for-1 basis. |
| 11 | Derivative | 2022 Performance Share Units | 2025-01-01 | M | D | 2,886 | $0.00 | 0 | D | — · — to — | 2,886 Common Stock | (F2) Reflects the number of shares vesting on January 1, 2025 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. |
| 12 | Derivative | 2024 Performance Share Units | 2025-01-01 | A | A | 17,547 | $0.00 | 17,547 | D | — · — to — | 17,547 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 2024, as determined on December 31, 2024, by the Compensation Committee. 195.22% 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 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, 2025. (F9) Performance restricted stock units convert into common shares on a 1-for-1 basis. |