secwatch.observer — SEC 8-K summary
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Issuer:     Weatherford International plc (WFRD)
CIK:        0001603923
Form:       8-K
Filed at:   2022-01-20T23:59:59+00:00
Accession:  0001603923-22-000034
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Weatherford grants RSUs and PSUs to NEOs; Saligram receives 84,518 RSUs and 126,777 PSUs
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- CEO Girish Saligram awarded 84,518 RSUs vesting in 3 equal annual installments and 126,777 PSUs (0-200% of target) over a 3-year performance period.
- CFO H. Keith Jennings receives 34,025 RSUs and 34,025 PSUs; EVP/GCL Scott Weatherholt gets 21,691 RSUs and 21,691 PSUs.
- Vesting for NEOs includes accelerated pro-rata vesting on termination without cause or for good reason, and full acceleration on qualifying change-in-control termination.
- Performance metrics for PSUs are deemed competitively sensitive and will be disclosed after the performance period ends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603923/000160392322000034/0001603923-22-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603923/000160392322000034/wfrd-20220118.htm
  HTML page:      https://secwatch.observer/filing/0001603923-22-000034

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer