Form 4: Executive Rovig Reports Stock Transactions at NOV Inc.
SEC Form 4 Filing
Joseph W. Rovig, President of Energy Equipment at NOV Inc., reports disposition of shares to cover tax obligations and holdings in a 401(k) plan.
Summary
- Joseph W. Rovig, President Energy Equipment at NOV Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 23, 2025, 2,864 shares of common stock were disposed of at $15.11 per share to cover tax withholding liabilities related to vesting restricted stock units.
- As of February 23, 2025, Rovig directly owns 261,365 shares of NOV Inc. common stock.
- Rovig also indirectly owns 976 shares through the NOV Inc. 401(k) Plan.
Sentiment
Score: 5
Explanation: The document reflects routine transactions and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates routine tax-related stock disposals.
Key Dates
| Date | Description |
|---|---|
| 02/23/2023 | Date of grant for the time-based restricted stock units. |
| 02/23/2025 | Date of stock transaction and 401(k) plan balance reporting. |
| 02/24/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Transaction, NOV Inc., Rovig, Equity Securities
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