Weatherford SVP Mills vests PSUs, withholds shares for tax

Weatherford International plc SVP & Chief Accounting Officer Desmond J. Mills reported equity compensation activity involving performance share units (PSUs) and ordinary shares.

Rhea-AI Filing Summary

Weatherford International plc SVP & Chief Accounting Officer Desmond J. Mills reported equity compensation activity involving performance share units (PSUs) and ordinary shares. On February 4, 2026, 6,275 PSUs from the 2023 annual performance grant vested and converted into ordinary shares at an exercise price of $0.

The company states these PSUs, granted on January 18, 2023 under the 2019 Equity Incentive Plan, vested at 153% of target based on performance over a three-year period ending December 31, 2025. To cover tax obligations at vesting, 2,470 ordinary shares were withheld at $99.97 per share. Following these transactions, Mills directly owned 23,017 ordinary shares of Weatherford.

Insider Trade Summary

6,275 shares exercised/converted

Exercise 3 txns

Insider Mills Desmond J

Role SVP & Chief Accounting Officer

Type	Security	Shares	Price	Value
Exercise	2023 Annual Performance Share Units	6,275	$0.00	$0.00
Exercise	Ordinary Shares	6,275	$0.00	$0.00
Exercise Price or Tax Liability	Ordinary Shares	2,470	$99.97	$247K

Holdings After Transaction: 2023 Annual Performance Share Units — 0 contracts (Direct); Ordinary Shares — 23,017 shares (Direct)

Footnotes (2)

1. F1. Represents the vesting of performance share units ("PSUs") granted on January 18, 2023 under Issuer's 2019 Equity Incentive Plan, as amended and restated (the "2019 EIP"). The award vested at 153% of target based on achievement of performance metrics during the three-year performance period, which ended on December 31, 2025.
2. F2. Represents the withholding of a portion of vested PSUs to satisfy the reporting person's tax obligations upon vesting, pursuant to the 2019 EIP and the relevant award agreement.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did WFRD executive Desmond J. Mills report on February 4, 2026?

Desmond J. Mills reported the vesting of 6,275 performance share units that converted into Weatherford ordinary shares at an exercise price of $0. These units were part of a 2023 grant under the 2019 Equity Incentive Plan and vested based on three-year performance.

How many Weatherford (WFRD) performance share units vested for Desmond J. Mills?

A total of 6,275 performance share units vested for Desmond J. Mills. These PSUs were granted on January 18, 2023 and vested at 153% of target after a three-year performance period ending December 31, 2025, then converted into ordinary shares.

At what rate did the Weatherford (WFRD) performance share units vest relative to target?

The performance share units vested at 153% of target. This higher-than-target vesting was based on achievement of predefined performance metrics measured over a three-year performance period concluding on December 31, 2025 under Weatherford’s 2019 Equity Incentive Plan.

How were taxes handled on Desmond J. Mills’ vested Weatherford (WFRD) PSUs?

To satisfy tax obligations arising from the PSU vesting, 2,470 ordinary shares were withheld at $99.97 per share. This tax withholding was carried out pursuant to Weatherford’s 2019 Equity Incentive Plan and the specific award agreement governing the 2023 PSU grant.

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

After the vesting and related tax withholding, Desmond J. Mills directly owns 23,017 Weatherford ordinary shares. This figure reflects the 6,275 shares received from PSU vesting, reduced by 2,470 shares withheld to cover tax liabilities triggered upon vesting.

What derivative security was involved in the Weatherford (WFRD) Form 4 for Desmond J. Mills?

The derivative security was 2023 Annual Performance Share Units granted under Weatherford’s 2019 Equity Incentive Plan. On February 4, 2026, 6,275 of these PSUs were exercised at $0 and converted into ordinary shares, leaving zero derivative units beneficially owned afterward.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/06/2026 - 04:37 PM Learn about SEC filing dates

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)
02/04/2026

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	02/04/2026		M(1)		6,275	A	$0	25,487	D
Ordinary Shares	02/04/2026		F(2)		2,470	D	$99.97	23,017	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
2023 Annual Performance Share Units	(1)	02/04/2026		M			6,275	(1)	(1)	Ordinary Shares	6,275	$0	0	D

Explanation of Responses:

1. Represents the vesting of performance share units ("PSUs") granted on January 18, 2023 under Issuer's 2019 Equity Incentive Plan, as amended and restated (the "2019 EIP"). The award vested at 153% of target based on achievement of performance metrics during the three-year performance period, which ended on December 31, 2025.

2. Represents the withholding of a portion of vested PSUs to satisfy the reporting person's tax obligations upon vesting, pursuant to the 2019 EIP and the relevant award agreement.

Remarks:

	Kathy Medford by Power of Attorney	02/06/2026
	** 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).
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