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Weatherford (WFRD) director exercises RSUs and disposes shares to issuer

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

Rhea-AI Filing Summary

Weatherford International plc director Charles M. Sledge reported equity compensation changes on March 7, 2026. A prior grant of 6,667 restricted share units vested in full and was exercised into the same number of ordinary shares under the company’s 2019 Equity Incentive Plan.

The plan’s committee elected to settle part of the vested award in cash, resulting in a disposition of 2,467 ordinary shares to the issuer at $90.80 per share. Sledge also received a new grant of 3,646 restricted share units that vest in full on the first anniversary of the grant date. Following these transactions, he directly holds 36,929 ordinary shares and 3,646 restricted share units.

Positive

  • None.

Negative

  • None.
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*
SLEDGE CHARLES M

(Last) (First) (Middle)
2000 ST. JAMES PLACE

(Street)
HOUSTON TX 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
Officer (give title below) Other (specify below)
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)
Code V Amount (A) or (D) Price
Ordinary Shares 03/07/2026 M(1) 6,667 A $0 39,396 D
Ordinary Shares 03/07/2026 D(2) 2,467 D $90.8 36,929 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
2025 Restricted Share Units (1) 03/07/2026 M 6,667 (1) (1) Ordinary Shares 6,667 $0 0 D
2026 Restricted Share Units (3) 03/07/2026 A 3,646 (3) (3) Ordinary Shares 3,646 $0 3,646 D
Explanation of Responses:
1. Represents the vesting in full of restricted share units ("RSUs") granted on March 7, 2025 pursuant to the Issuer's 2019 Equity Incentive Plan, as amended and restated (the "2019 EIP").
2. At the election of the Committee administering the 2019 EIP, the vesting of the RSUs was settled partially in stock and partially in cash. Represents the deemed disposition of the ordinary shares underlying the portion of vested RSUs settled in cash.
3. Represents RSUs granted on March 7, 2026 pursuant to the 2019 EIP. The RSUs vest in full on the first anniversary of the grant date.
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.

FAQ

What insider transactions did Charles M. Sledge report at Weatherford (WFRD)?

Charles M. Sledge reported vesting, an issuer disposition, and a new RSU grant. 6,667 restricted share units vested into ordinary shares, 2,467 shares were disposed to the issuer for cash settlement, and he received 3,646 new restricted share units vesting in one year.

How many Weatherford (WFRD) restricted share units vested for Charles M. Sledge?

6,667 restricted share units vested for Charles M. Sledge. These RSUs, granted on March 7, 2025 under Weatherford’s 2019 Equity Incentive Plan, converted into 6,667 ordinary shares when they vested in full on March 7, 2026.

Why did Charles M. Sledge dispose of 2,467 Weatherford (WFRD) shares?

The 2,467-share disposition reflects cash settlement of vested RSUs. The plan’s committee chose to settle part of Sledge’s vested restricted share units in cash, leading to a deemed disposition of 2,467 ordinary shares to the issuer at $90.80 per share.

What new Weatherford (WFRD) equity award did Charles M. Sledge receive?

Sledge received 3,646 new restricted share units. Granted on March 7, 2026 under the 2019 Equity Incentive Plan, these RSUs are scheduled to vest in full on the first anniversary of the grant date, providing additional future share-based compensation.

What are Charles M. Sledge’s Weatherford (WFRD) holdings after these transactions?

After the transactions, Sledge directly holds 36,929 ordinary shares. He also holds 3,646 restricted share units from the new March 7, 2026 grant, which are expected to vest in full one year after the grant date, subject to plan terms.

Which Weatherford (WFRD) equity plan governs Charles M. Sledge’s RSUs?

All reported restricted share units are under Weatherford’s 2019 Equity Incentive Plan. The 6,667 vested RSUs and the 3,646 newly granted RSUs were issued pursuant to the 2019 Equity Incentive Plan, as amended and restated by the company.
Weatherford

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