Form 4: Weatherford International Director Acquires Restricted Share Units

Director Steven Beringhause acquired 4,566 restricted share units in Weatherford International plc on March 7, 2025, which will vest in full on the first anniversary of the grant date.

Summary

• On March 7, 2025, Steven Beringhause, a director of Weatherford International plc, was granted 4,566 restricted share units (RSUs).
• These RSUs were granted pursuant to the Issuer's 2019 Equity Incentive Plan, as amended and restated.
• The RSUs will vest in full on the first anniversary of the grant date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The granting of RSUs is a standard practice and indicates confidence in the company's future performance. It's a routine transaction, but it does align the director's interests with shareholders.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders, incentivizing performance and long-term value creation.

Future Outlook

The vesting of the RSUs on the first anniversary of the grant date suggests a one-year horizon for assessing the impact of this equity grant on the director's incentives and company performance.

Industry Context

Equity grants are a common practice in the oilfield services industry to attract, retain, and incentivize key personnel. Weatherford, like its peers, uses equity compensation to align management's interests with those of shareholders.

Comparison to Industry Standards

• Companies like Schlumberger, Halliburton, and Baker Hughes also utilize equity-based compensation plans for their executives and directors.
• The size and vesting schedule of the RSU grant to Steven Beringhause would need to be compared to similar grants at peer companies to assess its competitiveness and alignment with industry standards.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns the director's interests with the company's long-term success.
• Employees may see the grant as a sign of stability and commitment from the company's leadership.

Key Dates