Weatherford International (WFRD) CEO reports 10,000-share gift
Rhea-AI Filing Summary
Weatherford International plc reported that its President and CEO, who is also a director, made a gift of 10,000 ordinary shares on 12/11/2025. The shares were donated to American Endowment Foundation FBO Girish Saligram, a donor advised trust.
Following this transaction, the reporting person beneficially owned 990,169 ordinary shares indirectly through a trust where the reporting person and spouse are grantors, trustees and beneficiaries. Additional indirect holdings include 52,105 ordinary shares in a spousal lifetime access trust and 100,000 ordinary shares in a grantor retained annuity trust with a remainder interest in favor of the reporting person’s children.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Ordinary Shares | 10,000 | $0.00 | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (1)
- Represents shares donated as a gift to American Endowment Foundation FBO Girish Saligram, a donor advised trust. Includes 295,349 shares previously reported as directly owned by the reporting person. Held in a trust, of which the reporting person and his spouse are the grantors, trustees and beneficiaries. Held in a spousal lifetime access trust, of which the reporting person's spouse is the trustee and beneficiary. Includes 100,000 shares previously reported as indirectly owned by the reporting person in a trust of which the reporting person and his spouse are the grantors, trustees and beneficiaries. The shares are now held indirectly by the reporting person in a grantor retained annuity trust. Held in a grantor retained annuity trust of which the reporting person is the grantor, trustee and annuitant, with a remainder interest in favor of the reporting person's children.
FAQ
What insider transaction did Weatherford International (WFRD) disclose?
The reporting person, who is Weatherford International's President and CEO and a director, reported a gift of 10,000 ordinary shares on 12/11/2025. The shares were donated to American Endowment Foundation FBO Girish Saligram, a donor advised trust.
What is the relationship of the reporting person to Weatherford International (WFRD)?
The reporting person is identified as both a Director and an Officer of Weatherford International plc, with the officer title listed as President and CEO.