Weatherford (NYSE: WFRD) EVP vests 1,816 RSUs, with 534 shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Weatherford International plc executive Richard D. Ward, EVP Global Field Operations, reported the vesting of 1,816 restricted share units (RSUs) into ordinary shares on January 18, 2026 under the company’s 2019 Equity Incentive Plan. The RSUs, originally granted on January 18, 2024, are scheduled to vest in three equal annual installments over three years.
In connection with this vesting, 534 ordinary shares were withheld at a price of $83.74 per share to cover Ward’s tax obligations, leaving him with 2,560 ordinary shares beneficially owned directly after the transactions. The RSU conversion itself carried an exercise price of $0, reflecting the typical structure of equity incentive awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,816 shares exercised/converted
Mixed
3 txns
Insider
WARD RICHARD D
Role
EVP Global Field Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Share Units | 1,816 | $0.00 | -- |
| Exercise | Ordinary Shares | 1,816 | $0.00 | -- |
| Tax Withholding | Ordinary Shares | 534 | $83.74 | $45K |
Holdings After Transaction:
Restricted Share Units — 1,815 shares (Direct);
Ordinary Shares — 3,094 shares (Direct)
Footnotes (1)
- Represents the vesting of restricted share units ("RSUs") granted on January 18, 2024 pursuant to the Issuer's 2019 Equity Incentive Plan, as amended and restated (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.
FAQ
What insider transaction did WFRD executive Richard D. Ward report?
Richard D. Ward, EVP Global Field Operations at Weatherford International plc (WFRD), reported the vesting of 1,816 RSUs into ordinary shares on January 18, 2026, under the company’s 2019 Equity Incentive Plan.
Why were some of the vested WFRD RSUs withheld in this Form 4 filing?
The filing states that 534 ordinary shares were withheld to satisfy Richard D. Ward’s tax obligations upon RSU vesting, pursuant to Weatherford’s 2019 Equity Incentive Plan and related award agreements.
What are the vesting terms of the RSUs reported by Weatherford’s EVP?
The RSUs reported by Richard D. Ward were granted on January 18, 2024 and vest in three equal annual installments over the three-year period following the grant date.
Were the vested RSUs for WFRD subject to an exercise price?
No cash exercise was required; the 1,816 RSUs converted into ordinary shares at an exercise price of $0, consistent with typical RSU structures.