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Nabors Industries (NBR) ex-CFO Restrepo logs 17,105 performance shares

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Nabors Industries Ltd. reported insider equity activity for former Chief Financial Officer William Restrepo. On January 1, 2026, 17,105 performance restricted stock units granted on January 1, 2025 vested and converted into common shares on a 1-for-1 basis. To cover tax withholding on this vesting and share issuance, 4,343 shares were surrendered at a price of $54.3 per share, and 12,762 vested performance shares were retained by Mr. Restrepo. The filing notes that 185.78% of the target number of performance restricted stock units tied to 2025 objectives were earned, subject to proration through September 30, 2025 under his employment agreement, and those earned units that settle in shares are scheduled to fully vest on January 1, 2026. Mr. Restrepo also continues to hold 44,212 common shares underlying 2021 warrants with a $166.6666 exercise price expiring June 11, 2026.

Positive

  • None.

Negative

  • None.
Insider Restrepo William J
Role Insider
Type Security Shares Price Value
Grant/Award 2025 Performance Share Units 17,105 $0.00 --
Exercise 2025 Performance Share Units 17,105 $0.00 --
Exercise Common Stock 17,105 $0.00 --
Tax Withholding Common Stock 4,343 $54.30 $236K
holding 2021 Warrants -- -- --
Holdings After Transaction: 2025 Performance Share Units — 17,105 shares (Direct); Common Stock — 128,434 shares (Direct); 2021 Warrants — 44,212 shares (Direct)
Footnotes (1)
  1. Reflects the number of shares vesting on January 1, 2026 in respect of the 17,105 earned and vested Performance restricted stock units originally granted on January 1, 2025. Reflects the number of shares surrendered on January 1, 2026 to satisfy the tax withholding on the vesting and issuance of 17,105 shares of the 17,105 Performance restricted stock units originally granted on January 1, 2025. The remaining 12,762 vested performance shares were retained by Mr. Restrepo. Performance restricted stock units convert into common shares on a 1-for-1 basis. These Performance restricted stock units were earned by Mr. Restrepo pursuant to his employment agreement and the terms therein upon his qualifying retirement on October 1, 2025 as Chief Financial Officer, based on the achievement of certain objectives for the year 2025, as determined on December 31, 2025, by the Compensation Committee. 185.78% of the target number of performance restricted stock units granted pursuant to the terms of Mr. Restrepo's employment agreement were determined to have been earned, subject to proration to reflect the partial year of employment. The number reported above reflects the number of earned performance restricted stock units, prorated through September 30, 2025, that are payable in share-settled restricted stock units. The Performance restricted stock units that settle in shares are scheduled to fully vest, in accordance with Mr. Restrepo's employment agreement, on the first anniversary of the date of grant, January 1, 2026.
Form 4 Insider Transactions: What Each Field Means →
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
X
 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*
Restrepo William J
(Last) (First) (Middle)
C/O NABORS CORPORATE SERVICES, INC.
515 W. GREENS RD., SUITE 1200
(Street)
HOUSTON TX 77067
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
NABORS INDUSTRIES LTD [ NBR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
Officer (give title below) X Other (specify below)
Former Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
01/01/2026
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)
Code V Amount (A) or (D) Price
Common Stock 01/01/2026 M(1) 17,105(1) A $0 128,434 D
Common Stock 01/01/2026 F(2) 4,343(2) D $54.3 124,091 D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
2021 Warrants $166.6666 06/11/2021 06/11/2026 Common Stock 44,212 44,212 D
2025 Performance Share Units (3) 01/01/2026 A(4) 17,105(4) (3) (3) Common Stock 17,105 $0 17,105 D
2025 Performance Share Units (3) 01/01/2026 M(1) 17,105(1) (3) (3) Common Stock 17,105 $0 0 D
Explanation of Responses:
1. Reflects the number of shares vesting on January 1, 2026 in respect of the 17,105 earned and vested Performance restricted stock units originally granted on January 1, 2025.
2. Reflects the number of shares surrendered on January 1, 2026 to satisfy the tax withholding on the vesting and issuance of 17,105 shares of the 17,105 Performance restricted stock units originally granted on January 1, 2025. The remaining 12,762 vested performance shares were retained by Mr. Restrepo.
3. Performance restricted stock units convert into common shares on a 1-for-1 basis.
4. These Performance restricted stock units were earned by Mr. Restrepo pursuant to his employment agreement and the terms therein upon his qualifying retirement on October 1, 2025 as Chief Financial Officer, based on the achievement of certain objectives for the year 2025, as determined on December 31, 2025, by the Compensation Committee. 185.78% of the target number of performance restricted stock units granted pursuant to the terms of Mr. Restrepo's employment agreement were determined to have been earned, subject to proration to reflect the partial year of employment. The number reported above reflects the number of earned performance restricted stock units, prorated through September 30, 2025, that are payable in share-settled restricted stock units. The Performance restricted stock units that settle in shares are scheduled to fully vest, in accordance with Mr. Restrepo's employment agreement, on the first anniversary of the date of grant, January 1, 2026.
/s/ Mark D. Andrews by Power of Attorney for William Restrepo 01/05/2026
** 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 transaction did Nabors Industries (NBR) disclose for former CFO William Restrepo?

The company disclosed that 17,105 performance restricted stock units granted to former CFO William Restrepo on January 1, 2025 vested on January 1, 2026 and converted into common shares on a 1-for-1 basis.

How many Nabors Industries (NBR) shares were surrendered for taxes in this Form 4?

The filing reports that 4,343 common shares were surrendered on January 1, 2026 at a price of $54.3 per share to satisfy tax withholding on the vesting and issuance of 17,105 shares.

How many vested performance shares did William Restrepo retain in Nabors Industries (NBR)?

After the tax withholding surrender, the filing states that 12,762 vested performance shares were retained by William Restrepo.

What performance level was achieved on the Nabors Industries (NBR) 2025 performance share units?

The document explains that 185.78% of the target number of performance restricted stock units tied to 2025 objectives were determined to have been earned, subject to proration through September 30, 2025.

When do the earned Nabors Industries (NBR) performance share units fully vest?

The earned performance restricted stock units that settle in shares are scheduled to fully vest on January 1, 2026, the first anniversary of the January 1, 2025 grant date, in line with Mr. Restrepo's employment agreement.

What derivative securities linked to Nabors Industries (NBR) does William Restrepo still hold?

He holds 2021 warrants covering 44,212 common shares with an exercise price of $166.6666 per share, which became exercisable on June 11, 2021 and expire on June 11, 2026.