Form 4 for WFRD Weatherford International plc
Accepted 2022-04-19 00:00:00 ET · period of report 2022-04-15 · accession 0001603923-22-000062 · 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 | 2022-04-19 | 2022-04-15 | WFRD | Mongrain Joseph H | EVP, CHRO | M - OptEx | $0.00 | +33.7K | 28.2K | New | $0 |
| D | 2022-04-19 | 2022-04-15 | WFRD | Mongrain Joseph H | EVP, CHRO | F - Tax | $38.40 | -5,495 | 17.1K | -24% | -$211.0K |
| D | 2022-04-19 | 2022-04-15 | WFRD | Mongrain Joseph H | EVP, CHRO | D - Sale to Iss | $34.10 | -11.1K | 17.1K | -39% | -$380.0K |
| DM | 2022-04-19 | 2022-04-15 | WFRD | Mongrain Joseph H | EVP, CHRO | M - OptEx | $0.00 | -33.7K | 0 | -100% | $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 | Ordinary Shares | 2022-04-15 | M | A | 22,566 | $0.00 | 22,566 | D | — | — | |
| 2 | Common | Ordinary Shares | 2022-04-15 | F | D | 5,495 | $38.40 | 17,071 | D | — | — | |
| 3 | Common | Ordinary Shares | 2022-04-15 | M | A | 11,144 | $0.00 | 28,215 | D | — | — | |
| 4 | Common | Ordinary Shares | 2022-04-15 | D | D | 11,144 | $34.10 | 17,071 | D | — | — | (F5) Price represents the volume weighted price of the Company's ordinary shares averaged for the thirty trading days immediately preceding the vesting date. |
| 5 | Derivative | Restricted Share Units | 2022-04-15 | M | D | 22,566 | $0.00 | 22,565 | D | — · — to — | 22,566 Ordinary Shares | (F1) Represents the vesting of the first installment of restricted share units ("RSUs") granted on April 15, 2021 pursuant to Issuer's Second Amended and Restated 2019 Equity Incentive Plan (the "2019 EIP"). The RSUs vest in two equal installments over the two-year period from the date of grant. |
| 6 | Derivative | Phantom Restricted Share Units | 2022-04-15 | M | D | 11,144 | $0.00 | 0 | D | — · — to — | 11,144 Ordinary Shares | (F6) Represents the vesting of the Phantom RSUs granted on April 15, 2021 pursuant to the 2019 EIP. These Phantom RSUs vest in two equal installments over the two-year period from the date of grant and may be settled in cash, ordinary shares or any combination of cash and ordinary shares; provided that if settled in cash, the cumulative cash payout may not exceed a predetermined amount specified in the Reporting Person's offer letter (the "Maximum Cash Payout"). At the election of the Committee administering the 2019 EIP, it was determined that the 2021 Phantom RSU awards would be settled entirely in cash. As a result of the Maximum Cash Payout, the Reporting Person is reporting the vesting, deemed acquisition and deemed disposition of 11,144 ordinary shares. As a result of the Maximum Cash Payout having been satisfied, the remaining 21,957 ordinary shares underlying the 33,101 Phantom RSUs previously reported will not vest and have been cancelled. |