Craig L. Weinstock - Feb 15, 2022 Form 4 Insider Report for NOV Inc. (NOV)

Role
Sr. VP. & Gen. Counsel
Signature
By: Brigitte M. Hunt For: Craig L. Weinstock
Stock symbol
NOV
Transactions as of
Feb 15, 2022
Transactions value $
-$61,065
Form type
4
Date filed
2/17/2022, 05:22 PM
Next filing
Feb 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOV Common Stock Award $0 +15K +10.28% $0.00 161K Feb 15, 2022 Direct F1
transaction NOV Common Stock Tax liability -$61.1K -3.65K -2.27% $16.73 157K Feb 15, 2022 Direct F2
transaction NOV Common Stock Award $0 +24.2K +15.4% $0.00 181K Feb 15, 2022 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NOV Non-Qualified Stock Option (right to buy) Award $0 +64.8K $0.00 64.8K Feb 15, 2022 Common Stock 64.8K $16.73 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the total number of shares that vested from the performance share awards granted to Mr. Weinstock on February 27, 2019.
F2 Represents the number of shares withheld from the vesting of the performance share awards granted to Mr. Weinstock on February 27, 2019 to satisfy tax withholding liability.
F3 An equity award of time-based restricted stock units pursuant to the Issuer's 2018 Long-Term Incentive Plan, which will vest in three equal annual installments commencing on the first anniversary of the date of the grant.
F4 The option, awarded pursuant to the National Oilwell Varco, Inc. 2018 Long-Term Incentive Plan, representing a right to purchase a total of 64,800 shares, will become exercisable in three equal annual installments beginning on February 15, 2023, which will be the first anniversary of the date on which the option was granted.