<SEC-DOCUMENT>0001127602-25-000546.txt : 20250103
<SEC-HEADER>0001127602-25-000546.hdr.sgml : 20250103
<ACCEPTANCE-DATETIME>20250103183540
ACCESSION NUMBER:		0001127602-25-000546
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20241231
FILED AS OF DATE:		20250103
DATE AS OF CHANGE:		20250103

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Restrepo William J
		CENTRAL INDEX KEY:			0001334321
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32657
		FILM NUMBER:		25508463

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 60068
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77205-0068

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NABORS INDUSTRIES LTD
		CENTRAL INDEX KEY:			0001163739
		STANDARD INDUSTRIAL CLASSIFICATION:	DRILLING OIL & GAS WELLS [1381]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				980363970
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		CROWN HOUSE
		STREET 2:		4 PAR-LA-VILLE ROAD   SECOND FLOOR
		CITY:			HAMILTON, HM08
		STATE:			D0
		ZIP:			0000
		BUSINESS PHONE:		4412921510

	MAIL ADDRESS:	
		STREET 1:		P O BOX HM3349
		CITY:			HAMILTON, HMPX
		STATE:			D0
		ZIP:			0000
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
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        <issuerName>NABORS INDUSTRIES LTD</issuerName>
        <issuerTradingSymbol>NBR</issuerTradingSymbol>
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            <rptOwnerName>Restrepo William J</rptOwnerName>
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            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>77067</rptOwnerZipCode>
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    <footnotes>
        <footnote id="F1">Represents the number of TSR shares forfeited on December 31, 2024, out of a total of 17,317 TSR shares originally granted to Mr. Restrepo on January 1, 2022, based on the Issuer's relative total shareholder return as compared to a peer group of companies during the three-year performance period beginning on January 1, 2022 and ending on December 31, 2024, as determined on December 31, 2024, by the Compensation Committee of the Issuer's Board of Directors (the &quot;Compensation Committee&quot;).</footnote>
        <footnote id="F2">Reflects the number of shares vesting on January 1, 2025 in respect of the 8,659 earned and vested Performance units originally granted on January 1, 2022.</footnote>
        <footnote id="F3">Reflects the number of shares surrendered on January 1, 2025 to satisfy the tax withholding on the vesting and issuance of 2,886 shares of the 8,659 Performance restricted stock units originally granted on January 1, 2022. The remaining 2,183 vested shares were retained by the executive.</footnote>
        <footnote id="F4">Reflects the number of shares vesting on January 1, 2025 in respect of the 3,225 earned and vested Performance units originally granted on January 1, 2023.</footnote>
        <footnote id="F5">Reflects the number of shares surrendered on January 1, 2025 to satisfy the tax withholding on the vesting and issuance of 1,075 shares of the 3,225 Performance restricted stock units originally granted on January 1, 2023. The remaining 813 vested shares were retained by the executive.</footnote>
        <footnote id="F6">Reflects the number of shares vesting on January 1, 2025 in respect of the 17,547 earned and vested Performance units originally granted on January 1, 2024.</footnote>
        <footnote id="F7">Reflects the number of shares surrendered on January 1, 2025 to satisfy the tax withholding on the vesting and issuance of 5,849 shares of the 17,547 Performance restricted stock units originally granted on January 1, 2024. The remaining 4,265  vested shares were retained by the executive.</footnote>
        <footnote id="F8">Represents an award of TSR shares that will only vest at the end of a three-year performance period (January 1, 2025 to December 31, 2027) based on the Issuer's relative total shareholder return as compared to a peer group of companies. The number of shares reported represents the maximum that may be earned, which is 200% of the target number. No number of shares is guaranteed to vest and the actual number of shares that will vest at the end of the performance period may be anywhere from zero to the amount stated.</footnote>
        <footnote id="F9">Performance restricted stock units convert into common shares on a 1-for-1 basis.</footnote>
        <footnote id="F10">These Performance restricted stock units were earned by Mr. Restrepo pursuant to his employment agreement based on the achievement of certain objectives for the year 2024, as determined on December 31, 2024, by the Compensation Committee. 195.22% of the target number of performance restricted stock units granted pursuant to the terms of Mr. Restrepo's employment agreement were determined to have been earned to date. The number reported above reflects the number of earned performance restricted stock units that are payable in share-settled restricted stock units. The Performance restricted stock units that settle in shares are scheduled to vest in three (3) equal annual installments beginning on the first anniversary of the date of grant, January 1, 2025.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Mark D. Andrews by Power of Attorney for William Restrepo</signatureName>
        <signatureDate>2025-01-03</signatureDate>
    </ownerSignature>
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