How are Weatherford (WFRD) performance share units for the CEO determined?

The 85,141 performance share units granted represent a target award. Actual payout can range from 0% to 200% of this target, depending on how Weatherford performs against defined goals over the three fiscal years from January 1, 2026 to December 31, 2028.

Weatherford (WFRD) CEO adds RSU and PSU awards in latest Form 4

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Weatherford International plc President and CEO Girish Saligram reported routine equity compensation activity. On March 7, 2026, 15,291 restricted share units granted in 2025 vested into ordinary shares under the 2019 Equity Incentive Plan, with 6,018 shares withheld at $90.80 per share to cover tax obligations.

He received new 2026 grants of 28,380 restricted share units and 85,141 performance share units, which can pay out between 0% and 200% of the target amount based on performance over fiscal years 2026–2028. Following these transactions, he holds 126,349 ordinary shares directly, plus additional indirect holdings through a trust and a grantor retained annuity trust.

Insider Trade Summary

15,291 shares exercised/converted

Mixed 7 txns

Insider Saligram Girish

Role President and CEO

Type	Security	Shares	Price	Value
Exercise	2025 Restricted Share Units	15,291	$0.00	--
Grant/Award	2026 Restricted Share Units	28,380	$0.00	--
Grant/Award	2026 Performance Share Units	85,141	$0.00	--
Exercise	Ordinary Shares	15,291	$0.00	--
Tax Withholding	Ordinary Shares	6,018	$90.80	$546K
holding	Ordinary Shares	--	--	--
holding	Ordinary Shares	--	--	--

Holdings After Transaction: 2025 Restricted Share Units — 30,579 shares (Direct); 2026 Restricted Share Units — 28,380 shares (Direct); 2026 Performance Share Units — 85,141 shares (Direct); Ordinary Shares — 132,367 shares (Direct); Ordinary Shares — 942,274 shares (Indirect, Trust)

Footnotes (1)

Represents the vesting of restricted share units ("RSUs") granted on March 7, 2025 pursuant to Issuer's 2019 Equity Incentive Plan, as amended and restated (the "2019 EIP"). The RSUs vest in three equal annual installments over the three-year period following the grant date. Represents the withholding of a portion of vested RSUs to satisfy the reporting person's tax obligations upon vesting, pursuant to the 2019 EIP and the relevant award agreements. Held in a trust, of which the reporting person and his spouse are the grantors, trustees and beneficiaries. Held in a grantor retained annuity trust of which the reporting person is the grantor, trustee and annuitant, with a remainder interest in favor of the reporting person's children. Represents RSUs granted on March 7, 2026 pursuant to the 2019 EIP. The RSUs vest in three equal annual installments over the three-year period following the grant date. Represents performance share units ("PSUs") granted on March 7, 2026 under the 2019 EIP. The number of PSUs reported is the target award and may be subject to a payout ranging from 0% to 200% of the 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 during the Issuer's three fiscal years beginning on January 1, 2026 and ending December 31, 2028.

Form 4 Insider Transactions: What Each Field Means →

03/10/2026 - 04:53 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Saligram Girish

(Last)

(First)

(Middle)

2000 ST. JAMES PLACE

(Street)

HOUSTON

77056

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Weatherford International plc [ WFRD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/07/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Ordinary Shares	03/07/2026		M⁽¹⁾		15,291	A	$0	132,367	D
Ordinary Shares	03/07/2026		F⁽²⁾		6,018	D	$90.8	126,349	D
Ordinary Shares								942,274	I	Trust⁽³⁾
Ordinary Shares								100,000	I	Grantor Retained Annuity Trust⁽⁴⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
2025 Restricted Share Units	⁽¹⁾	03/07/2026		M			15,291	⁽¹⁾	⁽¹⁾	Ordinary Shares	15,291	$0	30,579	D
2026 Restricted Share Units	⁽⁵⁾	03/07/2026		A		28,380		⁽⁵⁾	⁽⁵⁾	Ordinary Shares	28,380	$0	28,380	D
2026 Performance Share Units	⁽⁶⁾	03/07/2026		A		85,141		⁽⁶⁾	⁽⁶⁾	Ordinary Shares	85,141	$0	85,141	D

Explanation of Responses:

1. Represents the vesting of restricted share units ("RSUs") granted on March 7, 2025 pursuant to Issuer's 2019 Equity Incentive Plan, as amended and restated (the "2019 EIP"). The RSUs vest in three equal annual installments over the three-year period following the grant date.

2. Represents the withholding of a portion of vested RSUs to satisfy the reporting person's tax obligations upon vesting, pursuant to the 2019 EIP and the relevant award agreements.

3. Held in a trust, of which the reporting person and his spouse are the grantors, trustees and beneficiaries.

4. Held in a grantor retained annuity trust of which the reporting person is the grantor, trustee and annuitant, with a remainder interest in favor of the reporting person's children.

5. Represents RSUs granted on March 7, 2026 pursuant to the 2019 EIP. The RSUs vest in three equal annual installments over the three-year period following the grant date.

6. Represents performance share units ("PSUs") granted on March 7, 2026 under the 2019 EIP. The number of PSUs reported is the target award and may be subject to a payout ranging from 0% to 200% of the 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 during the Issuer's three fiscal years beginning on January 1, 2026 and ending December 31, 2028.

Remarks:

	Kathy Medford by Power of Attorney	03/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Weatherford (WFRD) CEO Girish Saligram report?

He reported vesting of 15,291 restricted share units, with 6,018 shares withheld for taxes, and new grants of 28,380 restricted share units plus 85,141 performance share units. All actions relate to Weatherford’s 2019 Equity Incentive Plan and executive compensation.

How many Weatherford (WFRD) shares does the CEO hold after these Form 4 transactions?

After the reported transactions, Girish Saligram holds 126,349 Weatherford ordinary shares directly. The filing also shows 942,274 shares held through a trust and 100,000 shares through a grantor retained annuity trust, reflecting significant additional indirect ownership interests.

What equity awards did the Weatherford (WFRD) CEO receive on March 7, 2026?

On March 7, 2026, he received 28,380 restricted share units and 85,141 performance share units under the 2019 Equity Incentive Plan. The performance share units have a target level that can pay out from 0% to 200% based on multi-year performance.

Over what period will the new Weatherford (WFRD) RSUs and PSUs vest?

The 2026 restricted share units vest in three equal annual installments over the three-year period following the March 7, 2026 grant date. The performance share units vest based on actual performance over Weatherford’s fiscal years 2026, 2027, and 2028 combined.

Why were 6,018 Weatherford (WFRD) shares withheld from the CEO on March 7, 2026?

6,018 shares were withheld to satisfy Girish Saligram’s tax obligations upon vesting of restricted share units. This tax withholding mechanism is permitted under Weatherford’s 2019 Equity Incentive Plan and does not represent an open-market sale of shares.