Form 4 for WFRD Weatherford International plc
Accepted 2023-01-20 00:00:00 ET · period of report 2023-01-18 · accession 0001603923-23-000054 · 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 | 2023-01-20 | 2023-01-18 | WFRD | Mills Desmond J | SVP, CAO | F - Tax | $53.59 | -830 | 13.7K | -6% | -$44.5K |
| D | 2023-01-20 | 2023-01-18 | WFRD | Mills Desmond J | SVP, CAO | M - OptEx | $0.00 | +2,817 | 14.5K | +24% | $0 |
| DM | 2023-01-20 | 2023-01-18 | WFRD | Mills Desmond J | SVP, CAO | A - Grant | $0.00 | +13.2K | 4,101 | New | $0 |
| D | 2023-01-20 | 2023-01-18 | WFRD | Mills Desmond J | SVP, CAO | M - OptEx | $0.00 | -2,817 | 5,634 | -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 | Ordinary Shares | 2023-01-18 | F | D | 830 | $53.59 | 13,667 | D | — | — | |
| 2 | Common | Ordinary Shares | 2023-01-18 | M | A | 2,817 | $0.00 | 14,497 | D | — | — | |
| 3 | Derivative | Restricted Share Units | 2023-01-18 | A | A | 4,101 | — | 4,101 | D | — · — to — | 4,101 Ordinary Shares | (F3) Represents RSUs granted on January 18, 2023 pursuant to the 2019 EIP. The RSUs vest in three equal installments annually over the three-year period from the date of grant. |
| 4 | Derivative | 2021 Program Performance Share Units | 2023-01-18 | A | A | 5,000 | $0.00 | 27,102 | D | — · — to — | 5,000 Ordinary Shares | (F5) Represents PSUs granted on January 18, 2023 under the 2019 EIP. The number of PSUs reported is the target award and may be subject to a payout ranging from 0% to 100% of target award depending on the actual achievement of the performance goals at the end of the performance period. The performance period is the Issuer's fiscal years beginning on January 1, 2022 ending December 31, 2024. |
| 5 | Derivative | Restricted Share Units | 2023-01-18 | M | D | 2,817 | $0.00 | 5,634 | D | — · — to — | 2,817 Ordinary Shares | (F1) Represents the vesting of the first installment of restricted share units ("RSUs") granted on January 18, 2022 pursuant to Issuer's 2019 Equity Incentive Plan, as amended and restated (the "2019 EIP"). The RSUs vest in three equal installments over the three-year period from the date of grant. |
| 6 | Derivative | 2023 Annual Performance Units | 2023-01-18 | A | A | 4,101 | $0.00 | 4,101 | D | — · — to — | 4,101 Ordinary Shares | (F4) Represents performance share units ("PSUs") granted on January 18, 2023 under 2019 EIP. The number of PSUs reported is the target award and may be subject to a payout ranging from 0% to 200% of target award depending on the actual achievement of the performance goals at the end of the performance period. The PSUs vest based on actual performance at the end of the performance period, which is the Issuer's three fiscal years beginning on January 1, 2023 and ending December 31, 2025. |