Weatherford (WFRD) director exercises RSUs and disposes shares to issuer
Filing Impact
Filing Sentiment
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.
Insider Trade Summary
6,667 shares exercised/converted
Mixed
4 txns
Insider
SLEDGE CHARLES M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2025 Restricted Share Units | 6,667 | $0.00 | -- |
| Grant/Award | 2026 Restricted Share Units | 3,646 | $0.00 | -- |
| Exercise | Ordinary Shares | 6,667 | $0.00 | -- |
| Disposition | Ordinary Shares | 2,467 | $90.80 | $224K |
Holdings After Transaction:
2025 Restricted Share Units — 0 shares (Direct);
2026 Restricted Share Units — 3,646 shares (Direct);
Ordinary Shares — 39,396 shares (Direct)
Footnotes (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"). 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. 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.
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.
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.