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Weatherford (WFRD) EVP Weatherholt vests 24,385 PSUs, withholds 9,596 shares for taxes

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

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

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Weatherholt Scott C

(Last) (First) (Middle)
2000 ST. JAMES PLACE

(Street)
HOUSTON TX 77056

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Weatherford International plc [ WFRD ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, GC & CCO
3. Date of Earliest Transaction (Month/Day/Year)
02/04/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares 02/04/2026 M(1) 24,385 A $0 176,769 D
Ordinary Shares 02/04/2026 F(2) 9,596 D $99.97 167,173 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
2023 Annual Performance Share Units (1) 02/04/2026 M 24,385 (1) (1) Ordinary Shares 24,385 $0 0 D
Explanation of Responses:
1. 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.
2. 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.
Remarks:
Kathy Medford by Power of Attorney 02/06/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did WFRD executive Scott Weatherholt report on February 4, 2026?

Scott C. Weatherholt reported the vesting of 24,385 2023 Annual Performance Share Units, which converted into 24,385 ordinary shares at a $0 exercise price. These awards were granted under Weatherford’s 2019 Equity Incentive Plan and vested based on a three-year performance period.

How many Weatherford (WFRD) shares does Scott Weatherholt own after this Form 4?

After the reported transactions, Scott C. Weatherholt directly beneficially owned 167,173 Weatherford ordinary shares. This figure reflects the PSU vesting into shares and the separate share withholding to satisfy tax obligations associated with the equity award vesting.

What is the 2023 Annual Performance Share Units award reported for WFRD?

The 2023 Annual Performance Share Units are equity awards granted on January 18, 2023 under Weatherford’s 2019 Equity Incentive Plan. On February 4, 2026, 24,385 PSUs vested, converting into ordinary shares after a three-year performance period ending December 31, 2025.

At what level versus target did WFRD executive PSUs vest in this filing?

The performance share units vested at 153% of target, reflecting performance above the original goal. This vesting percentage was determined based on achievement of specific performance metrics measured over a three-year period ending December 31, 2025 under the 2019 Equity Incentive Plan.

Why were some Weatherford (WFRD) shares withheld in Scott Weatherholt’s Form 4?

The filing states that 9,596 ordinary shares were withheld to satisfy Scott C. Weatherholt’s tax obligations upon vesting of the PSUs. This withholding occurred pursuant to Weatherford’s 2019 Equity Incentive Plan and the applicable award agreement governing the performance share units.

What price per share was used for the WFRD tax withholding in this Form 4?

The tax withholding transaction used a price of $99.97 per Weatherford ordinary share. At this price, 9,596 shares were withheld from the vested performance share units to cover the reporting person’s tax obligations linked to the vesting event on February 4, 2026.
Weatherford

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