BERINGHAUSE STEVEN 4

What Happened

• Steven Beringhause, a director of Weatherford International plc, had restricted share units (RSUs) that vested on March 7, 2026. A total of 4,566 RSUs vested (conversion/exercise of a derivative). Of those, 1,690 underlying shares were settled for cash to the issuer at $90.80 per share, producing $153,452. The vesting/conversion also resulted in stock being issued for the remaining vested units. Separately, he was granted 2,497 new RSUs on March 7, 2026 (no cash consideration).

Key Details

• Transaction date: March 7, 2026. Filing date: March 10, 2026.
• Vested/converted: 4,566 RSUs (derivative conversion, code M).
• Cash settlement/disposition: 1,690 shares disposed to issuer at $90.80 each = $153,452 (code D); this reflects the portion of vested RSUs settled in cash.
• New award: 2,497 RSUs granted (code A); these RSUs vest in full on the first anniversary of the grant.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes: F1 = vesting in full of RSUs granted Mar 7, 2025; F2 = Committee elected partial cash settlement of vested RSUs (the 1,690-share cash portion); F3 = new RSUs granted Mar 7, 2026 vest in one year.
• No 10b5-1 plan, gift, or late-filing flag was indicated in the excerpt.

Context

• The primary activity is compensation-related (RSU vesting and partial cash settlement), which is routine for executives and directors. The cash disposition represents a settlement/withholding arrangement (often used to cover taxes or to net-settle a portion of vested awards) rather than an open-market sale. The new RSU grant vests in one year, so it is a forward-looking compensation award rather than an immediate stock purchase.