Weatherford International (WFRD) EVP receives new RSU and PSU awards

Rhea-AI Filing Summary

Weatherford International plc EVP Global Field Operations Richard D. Ward reported equity compensation and related share movements. He exercised 3,559 previously granted 2025 restricted share units into the same number of ordinary shares, then had 867 of those shares withheld at $90.80 per share to cover tax obligations. Following these transactions, he holds 5,252 ordinary shares directly. Ward also received new awards on March 7, 2026: 4,128 restricted share units that vest in three equal annual installments, and 6,192 performance share units at target, which may pay out between 0% and 200% of target based on company performance over fiscal years 2026–2028.

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

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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^*

WARD RICHARD D

(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)
	EVP Global Field Operations

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)		3,559	A	$0	6,119	D
Ordinary Shares	03/07/2026		F(2)		867	D	$90.8	5,252	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			3,559	(1)	(1)	Ordinary Shares	3,559	$0	7,116	D
2026 Restricted Share Units	(3)	03/07/2026		A		4,128		(3)	(3)	Ordinary Shares	4,128	$0	4,128	D
2026 Performance Share Units	(4)	03/07/2026		A		6,192		(4)	(4)	Ordinary Shares	6,192	$0	6,192	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
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FAQ

What insider transactions did WFRD executive Richard D. Ward report on March 7, 2026?

Richard D. Ward reported the vesting and exercise of 3,559 restricted share units into ordinary shares, plus new grants of 4,128 restricted share units and 6,192 performance share units. These awards were made under Weatherford’s 2019 Equity Incentive Plan.

How many Weatherford (WFRD) shares does Richard D. Ward hold after this Form 4?

After the reported transactions, Richard D. Ward directly holds 5,252 ordinary shares of Weatherford International plc. This reflects the 3,559 vested RSUs converted into shares, minus 867 shares withheld for taxes, combined with his prior holdings as shown in the filing.

Were any Weatherford (WFRD) shares sold by Richard D. Ward in the open market?

No open-market sales were reported. The only disposition was 867 ordinary shares withheld at $90.80 per share to satisfy tax obligations on vested RSUs. This tax-withholding event is coded as an F transaction, not a discretionary market sale.

What new restricted share units did Weatherford grant to Richard D. Ward?

Weatherford granted Richard D. Ward 4,128 restricted share units on March 7, 2026 under its 2019 Equity Incentive Plan. These RSUs vest in three equal annual installments over the three-year period following the grant date, subject to continued employment and plan terms.

What are the terms of the 2026 performance share units granted to WFRD’s Richard D. Ward?

Ward received 6,192 performance share units on March 7, 2026, representing the target award. The actual payout may range from 0% to 200% of target, based on performance over Weatherford’s fiscal years beginning January 1, 2026 and ending December 31, 2028.

Are Richard D. Ward’s Form 4 transactions primarily compensation-related for Weatherford (WFRD)?

Yes. The filing shows vesting and exercise of previously granted restricted share units, tax withholding on those vested units, and new grants of restricted and performance share units under Weatherford’s 2019 Equity Incentive Plan, indicating routine equity compensation activity.