Item 5. Other Information
Item 5. Other Information.
During the three months ended September 30, 2024, the following executive officers of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K. No trading arrangements were adopted or terminated by any of the Company’s non-employee directors.
Executive Officer
Title
Reporting Action
Adoption Date
Plan End Date (1)
Aggregate Shares Covered (2)
Intended to Satisfy 10b5-1?
Girishchandra K. Saligram
Chief Executive Officer and Director
Plan Adoption
9/04/2024 7/31/2025 95,000 Yes
Scott C. Weatherholt
EVP, General Counsel and Chief Compliance Officer
Plan Adoption
8/16/2024 1/30/2025 73,593 Yes
David J. Reed
EVP and Chief Commercial Officer
Plan Adoption
9/12/2024 1/31/2025 9,608 (3)
Yes
Depinder Sandhu
EVP, Global Product Lines
Plan Adoption
9/12/2024 2/28/2025 18,385 Yes
(1) Each trading arrangement permits transactions through and including the earlier to occur of (i) the completion of all sales of shares subject to the arrangement, (ii) the date listed in the “Plan End Date” column, or (iii) the occurrence of such other termination event as specified in the arrangement.
(2) Aggregate shares covered for Messrs. Weatherholt, Reed and Sandhu include ordinary shares underlying equity awards that may vest upon satisfaction of certain conditions. The actual number of shares released to the executive officer will be net of shares withheld by the Company to satisfy tax withholding obligations.
(3) Aggregate shares covered for Mr. Reed includes 1,694 shares underlying an equity award subject to performance conditions and may vest at up to 200% of the target amount shown above.
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Item 6. Exhibits.
All exhibits designated with a dagger (†) are filed herewith or double dagger (††) are furnished herewith.
Exhibit Number Description Original Filed Exhibit File Number
†10.1
Form of Executive Officer Restricted Share Unit Award Agreement adopted January 18, 2024 and amended July 23, 2024.
File No. 1-36504
†10.2
Form of Executive Officer Performance Share Unit Award Agreement adopted January 18, 2024 and amended July 23, 2024.
File No. 1-36504
†31.1 Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
File No. 1-36504
†31.2 Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
File No. 1-36504
††32.1 Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
File No. 1-36504
††32.2 Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
File No. 1-36504
†101.INS XBRL Instance Document - The instance document does not appear in the interactive data file because its XBRL tags are embedded within the inline XBRL document
†101.SCH XBRL Taxonomy Extension Schema Document
†101.CAL XBRL Taxonomy Extension Calculation Linkbase Document
†101.DEF XBRL Taxonomy Extension Definition Linkbase Document
†101.LAB XBRL Taxonomy Extension Label Linkbase Document
†101.PRE XBRL Taxonomy Extension Presentation Linkbase Document
104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
Weatherford International plc
Date: October 23, 2024 By: /s/ Arunava Mitra
Arunava Mitra
Executive Vice President and Chief Financial Officer
Date: October 23, 2024 By: /s/ Desmond J. Mills
Desmond J. Mills
Senior Vice President and Chief Accounting Officer
33
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.