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Weatherford (NYSE: WFRD) SVP gains new RSU and PSU awards

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

Rhea-AI Filing Summary

Weatherford International SVP & Chief Accounting Officer Desmond J. Mills reported routine equity compensation activity. On March 7, he saw 1,706 restricted share units granted in 2025 vest into ordinary shares, while 672 shares were withheld at a price of $90.80 to cover tax obligations.

He also received 3,225 new restricted share units for 2026 that vest in three equal annual installments, plus 3,225 performance share units at target, which can pay out between 0% and 200% of target based on Weatherford’s performance from 2026 through 2028. Following these transactions, he directly holds 13,933 ordinary shares.

Positive

  • None.

Negative

  • None.
Insider Mills Desmond J
Role SVP & Chief Accounting Officer
Type Security Shares Price Value
Exercise 2025 Restricted Share Units 1,706 $0.00 --
Grant/Award 2025 Restricted Share Units 3,225 $0.00 --
Grant/Award 2026 Performance Share Units 3,225 $0.00 --
Exercise Ordinary Shares 1,706 $0.00 --
Tax Withholding Ordinary Shares 672 $90.80 $61K
Holdings After Transaction: 2025 Restricted Share Units — 3,409 shares (Direct); 2026 Performance Share Units — 3,225 shares (Direct); Ordinary Shares — 14,605 shares (Direct)
Footnotes (1)
  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. 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 →
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*
Mills Desmond J
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP & Chief Accounting Officer
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) 1,706 A $0 14,605 D
Ordinary Shares 03/07/2026 F(2) 672 D $90.8 13,933 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 1,706 (1) (1) Ordinary Shares 1,706 $0 3,409 D
2025 Restricted Share Units (3) 03/07/2026 A 3,225 (3) (3) Ordinary Shares 3,225 $0 3,225 D
2026 Performance Share Units (4) 03/07/2026 A 3,225 (4) (4) Ordinary Shares 3,225 $0 3,225 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. 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.
4. 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 equity awards did Weatherford (WFRD) executive Desmond Mills receive?

Desmond Mills received 3,225 new restricted share units and 3,225 performance share units at target under Weatherford’s 2019 Equity Incentive Plan. These awards supplement his existing equity position and are structured to vest over future service and performance periods.

How many Weatherford (WFRD) restricted share units vested for Desmond Mills?

On March 7, 1,706 restricted share units granted in 2025 vested into ordinary shares for Desmond Mills. These RSUs were part of a three-year vesting schedule under Weatherford’s 2019 Equity Incentive Plan, reflecting service-based compensation rather than open-market stock purchases.

Why were 672 Weatherford (WFRD) shares withheld from Desmond Mills?

Weatherford withheld 672 ordinary shares from Desmond Mills at $90.80 per share to satisfy tax obligations when his restricted share units vested. This tax-withholding disposition is a standard, non-market mechanism built into the company’s equity plan and award agreements.

How do Desmond Mills’s new Weatherford (WFRD) RSUs vest?

The 3,225 restricted share units granted to Desmond Mills on March 7, 2026 vest in three equal annual installments over three years. This means one-third of the award converts into shares each year, provided he continues to meet the plan’s service conditions.

What are the terms of Desmond Mills’s Weatherford (WFRD) performance share units?

Desmond Mills received 3,225 performance share units at target, tied to Weatherford’s results from fiscal years beginning January 1, 2026 through December 31, 2028. Depending on achievement of performance goals, the payout can range from 0% to 200% of target.

How many Weatherford (WFRD) ordinary shares does Desmond Mills own after these transactions?

After the March 7 equity transactions, Desmond Mills directly holds 13,933 Weatherford ordinary shares. This total reflects vested shares minus those withheld to cover taxes, and does not include unvested restricted or performance share units that remain as separate derivative awards.