Weatherford (WFRD) SVP Mills reports RSU vesting and tax withholding
Rhea-AI Filing Summary
Weatherford International SVP & Chief Accounting Officer Desmond J. Mills reported equity award vesting and related share activity. On January 18, 2026, restricted share units granted on January 18, 2023 and January 18, 2024 under the company’s 2019 Equity Incentive Plan vested, resulting in the acquisition of 1,367 ordinary shares and 953 ordinary shares at an exercise price of $0 per share.
To cover tax obligations upon vesting, 1,007 ordinary shares were withheld at a price of $83.74 per share. Following these transactions, Mills beneficially owns 19,212 ordinary shares of Weatherford International plc directly.
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FAQ
What insider activity did Weatherford (WFRD) report for Desmond J. Mills on this Form 4?
The filing shows that Desmond J. Mills, SVP & Chief Accounting Officer of Weatherford International plc, had restricted share units vest and corresponding ordinary share transactions on January 18, 2026, along with a share withholding to cover taxes.
How many Weatherford (WFRD) restricted share units vested for Desmond J. Mills?
On January 18, 2026, 1,367 RSUs from a January 18, 2023 grant and 953 RSUs from a January 18, 2024 grant vested, each converting into the same number of ordinary shares at $0 per share.
Why were some Weatherford (WFRD) shares disposed of in this Form 4?
The filing states that 1,007 ordinary shares were disposed of under transaction code F, representing withholding of vested RSUs to satisfy tax obligations at a price of $83.74 per share, pursuant to the 2019 Equity Incentive Plan and award agreements.
What equity plan governs the RSU vesting reported for Weatherford (WFRD)?
The restricted share units vested under Weatherford International’s 2019 Equity Incentive Plan, as amended and restated, which provides for RSU grants that vest in three equal annual installments following the grant date.
How many Weatherford (WFRD) ordinary shares does Desmond J. Mills own after these transactions?
After the reported vesting and tax withholding transactions, Desmond J. Mills beneficially owns 19,212 ordinary shares of Weatherford International plc directly.
What is Desmond J. Mills’s role at Weatherford (WFRD) according to this Form 4?
According to the filing, Desmond J. Mills is an officer of Weatherford International plc, serving as SVP & Chief Accounting Officer, and is not listed as a director or 10% owner.