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Weatherford (WFRD) SVP Mills reports RSU vesting and tax withholding

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

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.

Positive

  • None.

Negative

  • None.
Insider Mills Desmond J
Role SVP & Chief Accounting Officer
Type Security Shares Price Value
Exercise Restricted Share Units 1,367 $0.00 --
Exercise Restricted Share Units 953 $0.00 --
Exercise Ordinary Shares 1,367 $0.00 --
Exercise Ordinary Shares 953 $0.00 --
Tax Withholding Ordinary Shares 1,007 $83.74 $84K
Holdings After Transaction: Restricted Share Units — 0 shares (Direct); Ordinary Shares — 19,266 shares (Direct)
Footnotes (1)
  1. Represents the vesting of restricted share units ("RSUs") granted on January 18, 2023 pursuant to Issuer's 2019 Equity Incentive Plan, as amended and restated (the "2019 EIP"). The RSUs vested in three equal annual installments over the three-year period following the grant date. Represents the vesting of RSUs granted on January 18, 2024 pursuant to 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.
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)
01/18/2026
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 01/18/2026 M(1) 1,367 A $0 19,266 D
Ordinary Shares 01/18/2026 M(2) 953 A $0 20,219 D
Ordinary Shares 01/18/2026 F(3) 1,007 D $83.74 19,212 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
Restricted Share Units (1) 01/18/2026 M(1) 1,367 (1) (1) Ordinary Shares 1,367 $0 0 D
Restricted Share Units (2) 01/18/2026 M 953 (2) (2) Ordinary Shares 953 $0 953 D
Explanation of Responses:
1. Represents the vesting of restricted share units ("RSUs") granted on January 18, 2023 pursuant to Issuer's 2019 Equity Incentive Plan, as amended and restated (the "2019 EIP"). The RSUs vested in three equal annual installments over the three-year period following the grant date.
2. Represents the vesting of RSUs granted on January 18, 2024 pursuant to the 2019 EIP. The RSUs vest in three equal annual installments over the three-year period following the grant date.
3. 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.
Remarks:
Kathy Medford by Power of Attorney 01/21/2026
** 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 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.