Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
−Removed: On June 1, 2021, NASDAQ approved our application for the listing of our ordinary shares and we became subject to the reporting requirements of the Securities Exchange Act of 1934 (as amended, the “Exchange Act”).
−Removed: Our ordinary shares began trading on the Nasdaq Global Select Market on June 2, 2021 under the ticker symbol “WFRD”.
−Removed: As of February 1, 2024, we had 68 shareholders of record.
+Added: In June 2021, we became subject to the reporting requirements of the Securities Exchange Act of 1934 (as amended, the “Exchange Act”).
+Added: Our ordinary shares began trading on the Nasdaq Global Select Market on June 2, 2021 under the ticker symbol “WFRD.” As of February 1, 2025, we had 68 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.
−Removed: During the three months ended December 31, 2023, we issued 3,429 ordinary shares upon the exercise of outstanding warrants, resulting in cash proceeds to the Company of $342,763.
−Removed: The ordinary shares were issued pursuant to an exemption from registration under Section 1145 of the Bankruptcy Code.
−Removed: On December 13, 2023, the remaining 7,774,134 unexercised warrants expired, and the rights of the warrant holders to purchase ordinary shares were terminated.
−Removed: We intend to retain future earnings to reinvest in our business and/or to repay debt, and the declaration and payment of future dividends and/or other forms of shareholder returns will be at the discretion of the Board and will depend, among other things, on future earnings, general financial condition and liquidity restrictions contained in our financing agreements, capital requirements and general business conditions, in addition to legal requirements.
+Added: On July 23, 2024, we announced our shareholder returns program, including our Board of Directors authorization of a dividend program under which we intend to pay regular quarterly cash dividends, subject to our Board’s discretion.
+Added: During the twelve months ended December 31, 2024, we paid $36 million in dividends and accrued $2 million in dividend equivalent rights on share-based awards.
+Added: Dividends are authorized and determined by our Board of Directors at its sole discretion and depend upon a number of factors, including our financial results, cash requirements, capital management plans, changes in applicable laws, contractual restrictions, such as financial or operating covenants, and future prospects, as well as such other factors deemed relevant by our Board of Directors.
+Added: We can provide no assurance that we will pay dividends at current levels or at all.
+Added: See “Note 19 – Subsequent Event” for detail regarding our latest declared dividend.
The following graph shows a comparison of cumulative total shareholder return on our ordinary shares, the Dow Jones U.S.
1 unchanged sentence
Oil Equipment and Services Index (“DJUSOI”), the Philadelphia Oil Service Index (“OSX”), the VanEck Oil Services ETF (“OIH”) and the Standard & Poor’s 500 Index (“S&P 500”) from June 2, 2021 (date we began trading on NASDAQ) through 2024.
−Removed: During 2023, we elected to include OSX, OIH, and S&P 500 as these either:
−Removed: represent a group of our competitors, is an index in which we are a component of or is an index in which we and our peers benchmark against.
The graph assumes $100 was invested in each of the Company’s ordinary shares, and aforementioned indices.
1 unchanged sentence
Weatherford International plc – 2024 Form 10-K | 23
−Removed: Table of Contents Item 7 | MD&A
+Added: Table of Contents Item 5 | Market for Registrants Ordinary Shares
+Added: Weatherford International plc – 2024 Form 10-K | 24
06/02/21 12/31/21 12/31/22 12/31/23 12/31/24
10 unchanged sentences
$100 $113 $91 $114 $140
+Added: The following is a summary of our repurchases of our ordinary shares during the three months ended December 31, 2024.
+Added: Total Number of Shares Purchased
+Added: Average Price Paid per Share
+Added: Total Number of Shares Purchased as Part of a Publicly Announced Program (1)
+Added: Maximum Dollar Value of Shares that may yet be Purchased Under the Program (1)
+Added: October 1 - 31
+Added: 122,366 $86.56 122,366 $439,200,231
+Added: November 1 - 30
+Added: 222,177 $84.02 222,177 $420,533,493
+Added: December 1 - 31
+Added: 261,357 $74.99 261,357 $400,933,372
+Added: 605,900 $80.64 605,900
+Added: (1) On July 23, 2024, we announced a program under which we may repurchase our ordinary shares from time to time, up to $500 million through June 2027.
+Added: Approximately $401 million remained authorized for repurchases as of December 31, 2024.
+Added: From the inception of this program through December 31, 2024, we have repurchased approximately 1.1 million ordinary shares for $99.1 million.
Weatherford International plc – 2024 Form 10-K | 25
+Added: T a ble of Contents Item 7 | MD&A
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.