secwatch.observer — SEC 8-K summary
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Issuer:     Weatherford International plc (WFRD)
CIK:        0001603923
Form:       8-K
Filed at:   2023-01-03T23:59:59+00:00
Accession:  0001603923-23-000002
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Weatherford appoints Arun Mitra as EVP and CFO effective Jan 3, 2023
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- Appointed Arun Mitra as EVP and CFO effective Jan 3, 2023.
- Base salary $525K; STI target at 90% of base; 2023 LTI equity award of $1.73M.
- One-time PSU award of 40,000 shares tied to share price targets by Dec 31, 2024.
- Cash sign-on bonus of $410,000 payable March 2023, subject to clawback within 12 months.
- Prior role: CFO of Mitsubishi Power Americas (2014-2022), led profitable growth in Americas region.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603923/000160392323000002/0001603923-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603923/000160392323000002/wfrd-20230103.htm
  HTML page:      https://secwatch.observer/filing/0001603923-23-000002

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