Form 4: Weatherford International Director Steven Beringhause Reports Acquisition of Restricted Share Units
SEC Form 4
Director Steven Beringhause reports acquisition of 742 Restricted Share Units (RSUs) in Weatherford International plc on July 23, 2024, vesting on January 18, 2025.
Summary
- Steven Beringhause, a director of Weatherford International plc, reported the acquisition of 742 Restricted Share Units (RSUs) on July 23, 2024.
- The RSUs were granted pursuant to the Issuer's 2019 Equity Incentive Plan, as amended and restated.
- These RSUs vest on January 18, 2025.
- Following the transaction, Beringhause directly owns 742 derivative securities.
Sentiment
Score: 7
Explanation: Routine transaction; positive as it aligns director's interests with shareholders.
Positives
- The grant of RSUs aligns the director's interests with those of the shareholders.
Future Outlook
NA
Industry Context
This is a standard practice for companies to grant stock-based compensation to directors and executives to align their interests with those of shareholders. The vesting schedule encourages long-term commitment.
Stakeholder Impact
- The grant of RSUs could have a slightly dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 07/23/2024 | Date of transaction: Acquisition of 742 Restricted Share Units. |
| 07/25/2024 | Date of report: Form 4 filing date. |
| 01/18/2025 | Vesting date for the 742 Restricted Share Units. |
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