---
schema_version: "secwatch.filing_event.v1"
accession: "0001603923-23-000058"
form_type: "8-K"
ticker: "WFRD"
cik: "0001603923"
company_name: "Weatherford International plc"
filed_at: "2023-01-23T23:59:59+00:00"
generated_at: "2026-06-20T11:47:48.003241+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Weatherford board approves 2023 exec pay; amends CIC severance plan

## Summary
- CEO Saligram: $1M base salary, 125% annual incentive target, 690% LTI target; receives 38,586 RSUs, 90,036 PSUs.
- CFO Mitra: $525K base, 90% annual target, 330% LTI; receives 12,918 RSUs, 19,377 PSUs.
- CIC plan amended: CEO multiple to 2.5x, EVP 2x, others 1.5x; qualifying termination window extended to 24 months post-change.
- Third Amended 2019 EIP and new award agreement forms approved for executive officers and non-executive directors.
- Additional 5,000 PSUs granted to Desmond Mills for interim CFO service, vesting upon share price targets by Dec 31, 2024.

## SEC filing metadata
- accession: 0001603923-23-000058
- form_type: 8-K
- ticker: WFRD
- cik: 0001603923
- company_name: Weatherford International plc
- filed_at: 2023-01-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1603923/000160392323000058/0001603923-23-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1603923/000160392323000058/wfrd-20230118.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001603923-23-000058
- JSON: https://secwatch.observer/filing/0001603923-23-000058.json
- Plain text: https://secwatch.observer/filing/0001603923-23-000058.txt

## Key facts
- Executive change
  Arunava Mitra was appointed as Chief Financial Officer at Weatherford International plc.
  - Action: joined
  - Role: Chief Financial Officer
  source text: Mr. Mitra joined the Company on January 3, 2023 and his compensation was established at that time so is unchanged.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603923/000160392323000058/0001603923-23-000058-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.