Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
On June 1, 2021, NASDAQ approved our application for the listing of our ordinary shares. In connection with the listing, we became subject to the reporting requirements of the Exchange Act. Our ordinary shares began trading on The Nasdaq Global Select Market on June 2, 2021 under the ticker symbol “WFRD”. As of February 1, 2022, we had 73 shareholders of record. The actual number of shareholders is considerably greater than the number of shareholders of record and includes shareholders who are beneficial owners but whose shares are held in street name by brokers and other nominees.
We intend to retain future earnings and/or repay debt and do not expect to pay cash dividends in the near future.
The following graph shows a comparison of cumulative total shareholder return on our ordinary shares, the Dow Jones U.S. Oil Equipment Index and the Dow Jones U.S. Index from June 2, 2021 (date we began trading on NASDAQ) to December 31, 2021. The graph assumes $100 was invested in each of the Company’s ordinary shares, the Dow Jones U.S. Oil Equipment Index and the Dow Jones U.S. Index. Note that past stock price performance is not necessarily indicative of future stock price performance.
06/02/21 12/31/21
Weatherford International plc $ 100 $ 216
Dow Jones U.S. Oil Equipment and Services Index $ 100 $ 95
Dow Jones U.S. Index $ 100 $ 105
Weatherford International plc – 2021 Form 10-K | 21
Table of Contents
Item 6. [Reserved]
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