Sandhu Depinder 4
4 · Weatherford International plc · Filed Jan 3, 2025
Insider Transaction Report
Form 4
Sandhu Depinder
EVP, Global Product Lines
Transactions
- Tax Payment
Ordinary Shares
2025-01-02$72.29/sh−7,997$578,103→ 14,539 total - Exercise/Conversion
Ordinary Shares
2025-01-02+20,000→ 22,536 total - Exercise/Conversion
2021 Program Performance Share Units
2025-01-02−20,000→ 0 total→ Ordinary Shares (20,000 underlying)
Footnotes (2)
- [F1]Represents the vesting of (i) 8,000 performance share units ("PSUs") granted on November 1, 2021, (ii) 10,000 PSUs granted on June 30, 2022 and (iii) 2,000 PSUs granted on December 31, 2022 under the 2021 Weatherford Accelerating Growth & Efficiency ("WAGE") Program under the Issuer's 2019 Equity Incentive Plan, as amended (the "Plan"). The awards vested at 100% based on achievement of performance metrics during the three-year performance period which ended on December 31, 2024.
- [F2]Transaction was a withholding of a portion of vested PSUs to satisfy the reporting person's tax obligations upon vesting, pursuant to the Plan, and the relevant award agreement.