Weatherford (WFRD) CEO Saligram reports RSU vesting and tax share withholding
Rhea-AI Filing Summary
Weatherford International plc President and CEO Girish Saligram reported equity compensation activity on January 18, 2026. Restricted share units granted under the company’s 2019 Equity Incentive Plan vested, converting into 12,862 ordinary shares from a 2023 grant and 9,534 ordinary shares from a 2024 grant, both at an exercise price of $0.
To cover tax obligations upon vesting, 8,868 ordinary shares were withheld at $83.74 per share. After these transactions, Saligram directly held 33,528 ordinary shares. He also had indirect ownership through estate-planning vehicles, including 990,169 ordinary shares in a trust where he and his spouse are grantors, trustees and beneficiaries, 52,105 ordinary shares in a spousal lifetime access trust, and 100,000 ordinary shares in a grantor retained annuity trust benefiting his children.
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FAQ
What insider activity did WFRD President and CEO Girish Saligram report?
Girish Saligram reported the vesting of restricted share units into ordinary shares on January 18, 2026, along with share withholding to cover related tax obligations.
How many Weatherford (WFRD) restricted share units vested for the CEO?
On January 18, 2026, 12,862 RSUs from a 2023 grant and 9,534 RSUs from a 2024 grant vested under Weatherford’s 2019 Equity Incentive Plan.
How many WFRD shares were withheld for taxes in this Form 4?
A total of 8,868 ordinary shares of Weatherford were disposed of through withholding at $83.74 per share to satisfy Girish Saligram’s tax obligations upon RSU vesting.
How many Weatherford (WFRD) shares does the CEO directly own after these transactions?
Following the reported transactions on January 18, 2026, Girish Saligram directly held 33,528 Weatherford ordinary shares.
What indirect Weatherford (WFRD) holdings related to the CEO are reported?
The filing lists indirect holdings of 990,169 ordinary shares in a trust where he and his spouse are grantors, trustees and beneficiaries, 52,105 shares in a spousal lifetime access trust, and 100,000 shares in a grantor retained annuity trust with a remainder interest for his children.
What is the role of the 2019 Equity Incentive Plan in these WFRD transactions?
The reported RSU vesting comes from awards granted under Weatherford’s 2019 Equity Incentive Plan, with the RSUs vesting in three equal annual installments following their grant dates.