Craig L. Weinstock - 19 Feb 2025 Form 4 Insider Report for NOV Inc. (NOV)

Role
Sr. VP. & Gen. Counsel
Signature
By: Peter F. Vranderic For: Craig L. Weinstock
Issuer symbol
NOV
Transactions as of
19 Feb 2025
Net transactions value
-$228,390
Form type
4
Filing time
21 Feb 2025, 11:48:59 UTC
Previous filing
18 Feb 2025
Next filing
24 Feb 2025
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 +44,503 +21% $0.000000 253,902 19 Feb 2025 Direct F1
transaction NOV Common Stock Award $0 +37,981 +15% $0.000000 291,883 19 Feb 2025 Direct F2
transaction NOV Common Stock Tax liability $228,390 -14,947 -5.1% $15.28 276,936 19 Feb 2025 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 +25,449 $0.000000 25,449 19 Feb 2025 Common Stock 25,449 $15.28 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 3 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. Weinstock on February 15, 2022.
F3 Represents the number of shares withheld from the vesting of the performance share awards granted to Mr. Weinstock on February 15, 2022 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 25,449 shares, will become exercisable in 3 equal annual installments beginning on February 19, 2026, which will be the first anniversary of the date on which the option was granted.