Girishchandra K. Saligram Salary and Compensation - Weatherford International plc CEO Pay 2025
In fiscal year 2025, Girishchandra K. Saligram, President Chief Executive Officer and Director of Weatherford International plc (WFRD), received total compensation of $13.0 million.
Girishchandra K. Saligram's compensation breakdown includes: base salary of $1.3 million, stock awards valued at $10.0 million, non-equity incentive compensation of $1.7 million, and other compensation of $63K.
Compared to fiscal year 2024, Girishchandra K. Saligram's total compensation decreased 12% from $14.8 million to $13.0 million.
Weatherford International plc (WFRD) Executive Pay 2025
Weatherford International plc's top 8 named executive officers received combined total compensation of $28.0 million in fiscal year 2025.
The named executive officers disclosed in Weatherford International plc's 2025 proxy statement are:Girishchandra K. Saligram (President Chief Executive Officer and Director) with total compensation of $13.0 million, Arunava Mitra (Former Executive Vice President and Chief Financial Officer) with total compensation of $3.5 million, Anuj Dhruv (Executive Vice President and Chief Financial Officer) with total compensation of $3.4 million, Scott C. Weatherholt (Executive Vice President General Counsel and Chief Compliance Officer) with total compensation of $2.6 million, Richard D. Ward (Executive Vice President Global Field Operations) with total compensation of $2.4 million, Todd Glance (Former Executive Vice President of Customer Delivery) with total compensation of $1.8 million, Desmond J. Mills (Senior Vice President and Chief Accounting Officer) with total compensation of $1.3 million, and Ward was appointed as our (Executive Vice President Global Field Operations, effective January 17, 2024.(2)Mr. Mitra served as our Executive Vice President and Chief Financial Officer from January 3, 2023 until his departure from the Company on April 21, 2025.(3)Mr. Davison joined the Company in September 2022 and departed the Company effective February 6, 2024.(4)NEOs earned the equivalent of 26.2 pay periods for 2024 instead of 26, reflecting the impact of the bi-weekly payroll structure implemented in January 2024. Additional amounts were ratified by the Committee.(5)Amounts reflect values calculated in accordance with SEC rules. The NEOs may not realize any value from their equity awards and, to the extent that they do, the amounts realized may have no correlation to the amounts reported above. For the 2024 fiscal year, in accordance with FASB ASC Topic 718, the grant date fair value of RSU awards and the portion of PSU awards subject to metrics defined solely by reference to our own operations was determined based on the closing price of our ordinary shares on the date of grant. The portion of PSU awards subject to the market performance of our shares was determined using a Monte Carlo simulation model. The fair value of PSUs with a performance condition based on the market performance of our shares (“market condition”) incorporates the likelihood of achieving the market condition. However, there is not market data to determine whether PSUs with a performance condition defined solely by reference to our own operations (“performance condition”) will be achieved. For PSUs with a performance condition, we have assessed the likelihood that these PSUs will payout based upon target achievement. The table below shows the hypothetical grant date fair value of 2024 awards assuming the highest level of performance (maximum) is achieved.) with total compensation of $12.