Weatherford (NYSE: WFRD) CFO reports RSU vesting and tax withholding move
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Weatherford International plc EVP and CFO Dhruv Hasit reported routine equity compensation activity. On April 21, 2026, restricted share units (RSUs) granted on April 21, 2025 under the company’s 2019 Equity Incentive Plan vested, resulting in the acquisition of 15,224 Ordinary Shares through derivative exercises.
To cover tax obligations upon vesting, 5,992 Ordinary Shares were disposed of at $99.63 per share via share withholding, rather than an open-market sale. The transactions reflect RSU vesting and related tax-withholding mechanics, not discretionary market buying or selling by the CFO.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,224 shares exercised/converted
Mixed
5 txns
Insider
Dhruv Anuj Hasit
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2025 Restricted Share Units | 11,248 | $0.00 | -- |
| Exercise | 2025 Restricted Share Units | 3,976 | $0.00 | -- |
| Exercise | Ordinary Shares | 11,248 | $0.00 | -- |
| Exercise | Ordinary Shares | 3,976 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 5,992 | $99.63 | $597K |
Holdings After Transaction:
2025 Restricted Share Units — 11,248 shares (Direct, null);
Ordinary Shares — 11,248 shares (Direct, null)
Footnotes (1)
- Represents the vesting of restricted share units ("RSUs") granted on April 21, 2025 pursuant to Issuer's 2019 Equity Incentive Plan, as amended and restated (the "2019 EIP"). The RSUs vest in two equal installments on the first and second anniversary of the grant date. Represents the vesting of RSUs granted on April 21, 2025 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.
Key Figures
RSU shares vested: 15,224 shares
Shares withheld for taxes: 5,992 shares
Withholding price per share: $99.63 per share
+2 more
5 metrics
RSU shares vested
15,224 shares
Ordinary Shares acquired via RSU vesting on April 21, 2026
Shares withheld for taxes
5,992 shares
Ordinary Shares disposed in tax-withholding transaction on April 21, 2026
Withholding price per share
$99.63 per share
Price used for 5,992-share tax-withholding disposition
RSU derivative exercises
15,224 shares
Aggregate exerciseShares from derivative RSUs
Tax-withholding transactions
5,992 shares
taxWithholdingShares from transactionSummary
Key Terms
restricted share units, 2019 Equity Incentive Plan, tax-withholding disposition, derivative exercise/conversion
4 terms
2019 Equity Incentive Plan financial
"granted on April 21, 2025 pursuant to Issuer's 2019 Equity Incentive Plan, as amended and restated"
tax-withholding disposition financial
"Represents the withholding of a portion of vested RSUs to satisfy the reporting person's tax obligations"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
What insider transactions did Weatherford (WFRD) CFO Dhruv Hasit report?
Dhruv Hasit reported RSU vesting and related share withholding. RSU exercises delivered 15,224 Ordinary Shares, while 5,992 shares were withheld to cover taxes, reflecting routine equity compensation activity rather than open-market buying or selling.
What equity plan governs the RSU awards in Weatherford (WFRD) CFO’s filing?
The RSUs vesting in this filing were granted under Weatherford’s 2019 Equity Incentive Plan, as amended and restated. Footnotes explain that these RSUs vest in equal annual installments following the April 21, 2025 grant date, providing structured long-term compensation.