Weatherford EVP Weatherholt vests 24,385 PSUs, withholds shares
Weatherford International EVP, GC & CCO Scott C. Weatherholt reported equity compensation activity in the form of performance share units and related ordinary share transactions.
Rhea-AI Filing Summary
Weatherford International EVP, GC & CCO Scott C. Weatherholt reported equity compensation activity in the form of performance share units and related ordinary share transactions. On February 4, 2026, 24,385 2023 Annual Performance Share Units vested and were converted into the same number of ordinary shares at $0 exercise price.
The filing notes these PSUs, granted on January 18, 2023 under the 2019 Equity Incentive Plan, vested at 153% of target based on performance over a three‑year period ending December 31, 2025. To cover tax obligations upon vesting, 9,596 ordinary shares were withheld at a price of $99.97 per share. Following these transactions, Weatherholt directly beneficially owned 167,173 ordinary shares of Weatherford International.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2023 Annual Performance Share Units | 24,385 | $0.00 | $0.00 |
| Exercise | Ordinary Shares | 24,385 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Ordinary Shares | 9,596 | $99.97 | $959K |
Footnotes (2)
- F1. Represents the vesting of performance share units ("PSUs") granted on January 18, 2023 under Issuer's 2019 Equity Incentive Plan, as amended and restated (the "2019 EIP"). The award vested at 153% of target based on achievement of performance metrics during the three-year performance period, which ended on December 31, 2025.
- F2. Represents the withholding of a portion of vested PSUs to satisfy the reporting person's tax obligations upon vesting, pursuant to the 2019 EIP and the relevant award agreement.
FAQ
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What insider transaction did WFRD executive Scott Weatherholt report on February 4, 2026?
At what level versus target did WFRD executive PSUs vest in this filing?
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