0001603923-23-000051.txt : 20230120 0001603923-23-000051.hdr.sgml : 20230120 20230120213653 ACCESSION NUMBER: 0001603923-23-000051 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230118 FILED AS OF DATE: 20230120 DATE AS OF CHANGE: 20230120 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Weatherholt Scott C CENTRAL INDEX KEY: 0001659429 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36504 FILM NUMBER: 23542394 MAIL ADDRESS: STREET 1: 321 SOUTH BOSTON AVE., SUITE 1000 CITY: TULSA STATE: OK ZIP: 74103 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Weatherford International plc CENTRAL INDEX KEY: 0001603923 STANDARD INDUSTRIAL CLASSIFICATION: OIL & GAS FILED MACHINERY & EQUIPMENT [3533] IRS NUMBER: 980606750 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 2000 ST. JAMES PLACE CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: 713.836.4000 MAIL ADDRESS: STREET 1: 70 SIR JOHN ROGERSON'S QUAY CITY: DUBLIN STATE: L2 ZIP: 2 FORMER COMPANY: FORMER CONFORMED NAME: Weatherford International Ltd DATE OF NAME CHANGE: 20140328 4 1 wf-form4_167426859962170.xml FORM 4 X0306 4 2023-01-18 0 0001603923 Weatherford International plc WFRD 0001659429 Weatherholt Scott C 2000 ST. JAMES PLACE HOUSTON TX 77056 0 1 0 0 EVP, GC & CCO Ordinary Shares 2023-01-18 4 M 0 7231 0 A 56328 D Ordinary Shares 2023-01-18 4 F 0 2845 53.59 D 53483 D Restricted Share Units 2023-01-18 4 M 0 7231 0 D Ordinary Shares 7231.0 14460 D Restricted Share Units 2023-01-18 4 A 0 10625 A Ordinary Shares 10625.0 10625 D 2023 Annual Performance Units 2023-01-18 4 A 0 15938 0 A Ordinary Shares 15938.0 15938 D 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. Transaction was a withholding of a portion of vested performance share units to satisfy the reporting person's tax withholding obligations upon vesting, pursuant to the award agreement and the 2019 EIP under which the award was granted. 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. 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. Jonathan B. Wolens by Power of Attorney 2023-01-20