Form 4: DNOW VP Sells Shares for Tax Withholding

DNOW Inc.'s VP and CAO, Gillian Anderson, reported the disposition of 834 shares of common stock to cover tax withholding liabilities.

Summary

• Gillian Anderson, the Vice President and Chief Accounting Officer (VP and CAO) of DNOW Inc., reported a transaction involving the company's common stock.
• The transaction, dated March 12, 2026, was a disposition of 834 shares of DNOW common stock.
• The shares were disposed of at a price of $11.29 per share.
• This disposition was specifically to satisfy tax withholding liability associated with the vesting of restricted shares.
• Following this reported transaction, Gillian Anderson beneficially owns 69,597 shares of DNOW common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transaction is a routine tax-related disposition of shares and does not reflect a change in the insider's investment thesis or outlook for the company.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding DNOW Inc.'s future performance or strategic direction.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax withholdings upon restricted stock vesting, are common and generally not indicative of management's sentiment towards the company's future prospects. Such transactions are often pre-planned under Rule 10b5-1 plans to manage tax obligations.

Stakeholder Impact

• The impact on shareholders is minimal as this is a routine, small-scale transaction for tax purposes and does not signal a change in company fundamentals or executive confidence.

Key Dates

Keywords

DNOW Inc., DNOW, Gillian Anderson, Insider Transaction, Form 4, Stock Sale, Tax Withholding, Restricted Stock Units, Executive Compensation