secwatch.observer — SEC 8-K summary
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Issuer:     Weatherford International plc (WFRD)
CIK:        0001603923
Form:       8-K
Filed at:   2024-01-22T23:59:59+00:00
Accession:  0001603923-24-000019
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Weatherford approves 2024 exec comp; CEO base salary $1.25M, LTI target 700%
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- CEO Girishchandra K. Saligram receives base salary $1.25M, annual incentive target 135%, LTI target 700%.
- CFO Arunava Mitra: base salary $585k, annual incentive 90%, LTI target 350%.
- Board approves RSU/PSU grants; CEO gets 28,602 RSUs and 66,740 PSUs (target).
- Desmond J. Mills receives additional 2,724 RSUs vesting in three years.
- PSU performance period is fiscal years 2024-2026; payout range 0-200%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603923/000160392324000019/0001603923-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603923/000160392324000019/wfrd-20240118.htm
  HTML page:      https://secwatch.observer/filing/0001603923-24-000019

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