[Form 4] Weatherford International plc Insider Trading Activity
Rhea-AI Filing Summary
Weatherford International plc director Steven Beringhause reported routine equity compensation activity involving restricted share units and ordinary shares. On March 7, 2026, 4,566 restricted share units granted on March 7, 2025 vested in full and were exercised into ordinary shares. The company’s equity plan committee elected to settle the vested units partly in stock and partly in cash, leading to a deemed disposition of 1,690 ordinary shares back to the issuer at $90.80 per share for the cash-settled portion. On the same date, Beringhause received a new grant of 2,497 restricted share units that vest in full on the first anniversary of the grant. Following these transactions, he directly holds 3,343 ordinary shares and 2,497 unvested restricted share units.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting, partial cash settlement, and new grant; neutral signal.
Director Steven Beringhause had 4,566 RSUs from a March 7, 2025 grant vest in full and convert into ordinary shares under Weatherford’s 2019 Equity Incentive Plan. This is standard equity compensation rather than an open-market transaction.
The administering committee chose to settle part of the vested RSUs in cash, creating a deemed disposition of 1,690 shares back to the issuer at $90.80 per share. This mechanism satisfies compensation and liquidity needs without signaling a discretionary sale decision.
He also received 2,497 new RSUs on March 7, 2026, vesting in one year, and ends with 3,343 ordinary shares plus these unvested units. The net effect is a modest refresh of his equity stake, typical for ongoing board compensation and not a thesis-changing event.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2025 Restricted Share Units | 4,566 | $0.00 | -- |
| Grant/Award | 2026 Restricted Share Units | 2,497 | $0.00 | -- |
| Exercise | Ordinary Shares | 4,566 | $0.00 | -- |
| Disposition | Ordinary Shares | 1,690 | $90.80 | $153K |
Footnotes (1)
- Represents the vesting in full of restricted share units ("RSUs") granted on March 7, 2025 pursuant to the Issuer's 2019 Equity Incentive Plan, as amended and restated (the "2019 EIP"). At the election of the Committee administering the 2019 EIP, the vesting of the RSUs was settled partially in stock and partially in cash. Represents the deemed disposition of the ordinary shares underlying the portion of vested RSUs settled in cash. Represents RSUs granted on March 7, 2026 pursuant to the 2019 EIP. The RSUs vest in full on the first anniversary of the grant date.