Kirk M. Shelton - Feb 23, 2023 Form 4 Insider Report for NOV Inc. (NOV)

Role
President - Completion and production solutions
Signature
By: Brigitte M. Hunt For: Kirk M. Shelton
Stock symbol
NOV
Transactions as of
Feb 23, 2023
Transactions value $
-$242,863
Form type
4
Date filed
2/27/2023, 06:32 PM
Previous filing
Feb 24, 2023
Next filing
Feb 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOV Common Stock Award $0 +28.4K +12.52% $0.00 255K Feb 23, 2023 Direct F1
transaction NOV Common Stock Disposed to Issuer -$243K -11.2K -4.38% $21.76 244K Feb 23, 2023 Direct F2
transaction NOV Common Stock Award $0 +21.8K +8.95% $0.00 266K Feb 23, 2023 Direct F3
holding NOV Common Stock 9 Feb 23, 2023 by 401(K) Plan F4

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 +48.7K $0.00 48.7K Feb 23, 2023 Common Stock 48.7K $21.76 Direct F5
* 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. Shelton on February 25, 2020.
F2 Represents the number of shares withheld from the vesting of the performance share awards granted to Mr. Shelton on February 25, 2020 to satisfy tax withholding liability.
F3 An equity award of time-based restricted stock units pursuant to the NOV Inc. Long-Term Incentive Plan, which will vest in three equal annual installments commencing on the first anniversary of the date of the grant.
F4 Represents the number of shares equivalent of NOV common stock held by Mr. Shelton under the NOV Inc. 401(k) Plan. The information in this report is based on Mr. Shelton's account balance as of February 24, 2023.
F5 The option, awarded pursuant to the NOV Inc. Long-Term Incentive Plan, representing a right to purchase a total of 48,718 shares, will become exercisable in three equal annual installments beginning on February 23, 2024, which will be the first anniversary of the date on which the option was granted.

Remarks:

President - Completion and production solutions