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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 12,862 | $0.00 | -- |
| Exercise | Restricted Share Units | 9,534 | $0.00 | -- |
| Exercise | Ordinary Shares | 12,862 | $0.00 | -- |
| Exercise | Ordinary Shares | 9,534 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 8,868 | $83.74 | $743K |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Footnotes (1)
- Represents the vesting of restricted share units ("RSUs") granted on January 18, 2023 pursuant to the Issuer's 2019 Equity Incentive Plan, as amended and restated (the "2019 EIP"). The RSUs vested in three equal annual installments over the three-year period following the grant date. Represents the vesting of RSUs granted on January 18, 2024 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. 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. 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 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.
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.