Weatherford (WFRD) CFO receives 2026 RSU and PSU equity grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dhruv Anuj Hasit reported acquisition or exercise transactions in this Form 4 filing.
Weatherford International plc reported that EVP and CFO Dhruv Anuj Hasit received new equity-based awards. He was granted 8,256 restricted share units on March 7, 2026 under the company’s 2019 Equity Incentive Plan. These RSUs vest in three equal annual installments following the grant date.
He also received 12,384 performance share units as a target award for the 2026–2028 performance cycle. The actual PSUs that vest can range from 0% to 200% of this target based on achievement of performance goals over the three fiscal years beginning January 1, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Dhruv Anuj Hasit
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2026 Restricted Share Units | 8,256 | $0.00 | -- |
| Grant/Award | 2026 Performance Share Units | 12,384 | $0.00 | -- |
Holdings After Transaction:
2026 Restricted Share Units — 8,256 shares (Direct);
2026 Performance Share Units — 12,384 shares (Direct)
Footnotes (1)
- Represents restricted share units ("RSUs") granted on March 7, 2026 pursuant to the 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 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.
FAQ
What equity awards did Weatherford (WFRD) CFO Dhruv Hasit receive?
Weatherford’s EVP and CFO Dhruv Hasit received 8,256 restricted share units and 12,384 performance share units on March 7, 2026. Both awards were granted under the company’s 2019 Equity Incentive Plan as part of his long-term incentive compensation.
How do the new RSUs granted to Weatherford (WFRD) CFO vest?
The 8,256 restricted share units granted to the Weatherford CFO vest in three equal annual installments. Vesting occurs over the three-year period following the March 7, 2026 grant date, encouraging multi-year retention and alignment with shareholder interests.
Are Weatherford (WFRD) CFO’s new equity awards open-market purchases?
No, the Form 4 classifies both transactions as grant or award acquisitions with a zero purchase price. These are company-granted restricted share units and performance share units under the 2019 Equity Incentive Plan, not open-market stock purchases or sales.