Sector: Energy
WEATHERFORD INTERNATIONAL PLC · Meeting: June 11, 2026
Directors FOR
6
Directors AGAINST
0
Say on Pay
FOR
Auditor
FOR
Election of Directors Proposal
Joined in July 2024, which is within the 24-month exemption window, so the TSR trigger does not apply; brings relevant technology and operational leadership experience with no overboarding or attendance concerns.
TSR trigger does not apply — WFRD's 3-year return of +59.5% exceeds the peer group median by +42.3 percentage points, well below the 65-percentage-point threshold required to trigger a vote against; holds one outside public board seat, within the permitted limit.
TSR trigger does not apply given strong relative performance; holds three outside public board seats, which is within the four-seat limit for non-executive directors, so no overboarding flag is triggered.
TSR trigger does not apply; brings over 30 years of energy industry experience and holds one outside public board seat, well within permitted limits.
TSR trigger does not apply; serves as independent board chair with strong financial expertise as a former CFO; holds three outside public board seats, within the four-seat limit for non-executive directors.
As CEO-director, subject to the same TSR trigger as other directors, but the trigger does not apply given that WFRD outperformed its disclosed peer group median by +42.3 percentage points over three years, well below the 65-percentage-point threshold; holds no outside public board seats.
All six director nominees receive a FOR vote. WFRD's 3-year total return of +59.5% outperforms the company-disclosed peer group median by +42.3 percentage points, which does not meet the 65-percentage-point underperformance threshold required to trigger a vote against any director under the strong-positive-TSR tier. Steven Beringhause, who joined in July 2024, is also exempt from the TSR trigger as a director within the 24-month new-director window. No overboarding, attendance, independence, or qualifications concerns were identified.
CEO
Girishchandra K. Saligram
Total Comp
$13,022,298
Prior Support
N/A
The CEO's total reported compensation of approximately $13.0 million is within a reasonable range for a CEO of a $7.1 billion energy-services company, and the pay structure is heavily performance-oriented — the proxy discloses that 90.6% of the CEO's target compensation is variable or at-risk, well above the 50-60% minimum threshold. The company's 3-year total return of +59.5% outperforms the disclosed peer group median by +42.3 percentage points, meaning above-benchmark incentive pay is clearly supported by strong relative shareholder returns. The company has a meaningful clawback policy that meets post-Dodd-Frank requirements, and short-term incentive plan payouts of roughly 97.8% of target reflect disciplined performance outcomes rather than guaranteed windfalls.
Auditor
KPMG LLP
Tenure
N/A
Audit Fees
$5,775,800
Non-Audit Fees
$830,973
Non-audit fees (audit-related fees of $300,000 plus tax fees of $520,563 plus other fees of $10,410, totaling approximately $830,973) represent about 14.4% of audit fees of $5,775,800, well below the 50% threshold that would raise independence concerns; KPMG is a Big 4 firm appropriate for a $7.1B market-cap company; auditor tenure is not disclosed in the filing so the tenure trigger cannot fire, and no material restatements were identified.
Meeting held June 11, 2026
Other Proposals
Proposal 4
The Equity Incentive Plan Proposal
The 2026 Weatherford annual meeting ballot is dominated by a proposed redomestication from Ireland to Texas, alongside the standard annual business proposals. All six director nominees receive a FOR vote on the strength of WFRD's strong relative stock performance, the Say on Pay vote receives a FOR based on a heavily performance-weighted pay structure and strong 3-year shareholder returns that outpaced peers, and the KPMG auditor ratification receives a FOR given a low non-audit fee ratio of approximately 14.4%.
11 companies disclosed in 2026 proxy filing
