Joseph W. Rovig - Feb 6, 2024 Form 4 Insider Report for NOV Inc. (NOV)

Role
President - Energy Equipment
Signature
By: Brigitte M. Hunt For: Joseph W. Rovig
Stock symbol
NOV
Transactions as of
Feb 6, 2024
Transactions value $
-$265,551
Form type
4
Date filed
2/7/2024, 08:04 PM
Previous filing
Feb 28, 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 +27.1K +12.48% $0.00 244K Feb 6, 2024 Direct F1
transaction NOV Common Stock Award $0 +46K +18.82% $0.00 290K Feb 6, 2024 Direct F2
transaction NOV Common Stock Tax liability -$266K -15.2K -5.22% $17.52 275K Feb 6, 2024 Direct F3
holding NOV Common Stock 961 Feb 6, 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 +60.1K $0.00 60.1K Feb 6, 2024 Common Stock 60.1K $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.