Clay C. Williams - 06 Feb 2024 Form 4 Insider Report for NOV Inc. (NOV)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
07 Feb 2024, 19:33:32 UTC
Prior SEC filing
07 Nov 2023
Next SEC filing
20 Feb 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
By: Brigitte M. Hunt For: Clay C. Williams

Key filing fact

Clay C. Williams filed Form 4 for NOV Inc. (NOV) on 07 Feb 2024.

Key facts

  • This page summarizes Clay C. Williams's Form 4 filing for NOV Inc. (NOV).
  • 4 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 07 Feb 2024, 19:33.

Change

  • Previous filing in this sequence was filed on 07 Nov 2023.
  • Current net transaction value: -$1,505,879.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NOV transaction

Common Stock

Award

Transaction value
$0
Shares
+128,425
Change %
+12%
Price
$0.000000
Shares after
1,215,380
Date
06 Feb 2024
Ownership
Direct
Footnotes
F1
NOV transaction

Common Stock

Award

Transaction value
$0
Shares
+218,426
Change %
+18%
Price
$0.000000
Shares after
1,433,806
Date
06 Feb 2024
Ownership
Direct
Footnotes
F2
NOV transaction

Common Stock

Tax liability

Transaction value
$1,505,879
Shares
-85,952
Change %
-6%
Price
$17.52
Shares after
1,347,854
Date
06 Feb 2024
Ownership
Direct
Footnotes
F3
NOV holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
30,000
Date
06 Feb 2024
Ownership
by Children's Trusts
NOV holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
46
Date
06 Feb 2024
Ownership
by NOV Saving Plan
Footnotes
F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NOV transaction Derivative

Non-Qualified Stock Option (right to buy)

Award

Transaction value
$0
Shares
+284,450
Change %
Price
$0.000000
Shares after
284,450
Date
06 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
284,450
Exercise price
$17.52
Footnotes
F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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.

Footnote F2

Represents the total number of shares that vested from the performance share awards granted to Mr. Williams on February 22, 2021.

Footnote F3

Represents the number of shares withheld from the vesting of the performance share awards granted to Mr. Williams on February 22, 2021 to satisfy tax withholding liability.

Footnote F4

Represents the number of shares equivalent of the Issuer's common stock held by Mr. Williams under the NOV Inc. Non-Qualified Deferred Compensation Plan (formerly known as the "Supplemental Savings Plan"). The information in this report is based on Mr. Williams' account balance as of February 6, 2024.

Footnote F5

The option, awarded pursuant to the NOV Inc. Long-Term Incentive Plan, representing a right to purchase a total of 284,450, 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.

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