Joseph W. Rovig - 06 Feb 2024 Form 4 Insider Report for NOV Inc. (NOV)

Role
President - Energy Equipment
Signature
By: Brigitte M. Hunt For: Joseph W. Rovig
Issuer symbol
NOV
Transactions as of
06 Feb 2024
Net transactions value
-$265,551
Form type
4
Filing time
07 Feb 2024, 20:04:58 UTC
Previous filing
28 Feb 2023
Next filing
20 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOV Common Stock Award $0 +27,112 +12% $0.000000 244,324 06 Feb 2024 Direct F1
transaction NOV Common Stock Award $0 +45,984 +19% $0.000000 290,308 06 Feb 2024 Direct F2
transaction NOV Common Stock Tax liability $265,551 -15,157 -5.2% $17.52 275,151 06 Feb 2024 Direct F3
holding NOV Common Stock 961 06 Feb 2024 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 +60,051 $0.000000 60,051 06 Feb 2024 Common Stock 60,051 $17.52 Direct F5
* 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. Rovig on February 22, 2021.
F3 Represents the number of shares withheld from the vesting of the performance share awards granted to Mr. Rovig on February 22, 2021 to satisfy tax withholding liability.
F4 Represents the number of shares equivalent of NOV common stock held by Mr. Rovig under the NOV Inc. 401(k) Plan. The information in this report is based on Mr. Rovig's account balance as of February 6, 2024.
F5 The option, awarded pursuant to the NOV Inc. Long-Term Incentive Plan, representing a right to purchase a total of 60,051, 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.