Jose A. Bayardo - Feb 6, 2024 Form 4 Insider Report for NOV Inc. (NOV)

Role
Senior VP and CFO
Signature
By: Brigitte M. Hunt For: Jose A. Bayardo
Stock symbol
NOV
Transactions as of
Feb 6, 2024
Transactions value $
-$438,228
Form type
4
Date filed
2/7/2024, 07:31 PM
Previous filing
May 9, 2023
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOV Common Stock Award $0 +40K +9.95% $0.00 441K Feb 6, 2024 Direct F1
transaction NOV Common Stock Award $0 +69K +15.63% $0.00 510K Feb 6, 2024 Direct F2
transaction NOV Common Stock Tax liability -$438K -25K -4.9% $17.52 485K Feb 6, 2024 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 +88.5K $0.00 88.5K Feb 6, 2024 Common Stock 88.5K $17.52 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Represents the total number of shares that vested from the performance share awards granted to Mr. Bayardo on February 22, 2021.
F3 Represents the number of shares withheld from the vesting of the performance share awards granted to Mr. Bayardo on February 22, 2021 to satisfy tax withholding liability.
F4 The option, awarded pursuant to the NOV Inc. Long-Term Incentive Plan, representing a right to purchase a total of 88,496, will become exercisable in three equal annual installments beginning on February 6, 2025, which will be the first anniversary of the date on which the option was granted.