Form 4: NOV CFO Reed Reports Tax-Related Stock Disposition

NOV Inc.'s Senior VP and CFO, Rodney C. Reed, reported the disposition of 4,995 shares of common stock to cover tax withholding liabilities related to restricted stock unit vesting.

Summary

• Rodney C. Reed, Senior VP and CFO of NOV Inc., reported changes in his beneficial ownership of NOV common stock.
• On March 20, 2026, 4,995 shares were disposed of at a price of $18.68 per share.
• This disposition was to satisfy tax withholding liability upon the vesting of time-based restricted stock units that were granted on March 20, 2025.
• Following this transaction, Mr. Reed directly owns 165,797 shares of common stock.
• Additionally, Mr. Reed indirectly holds 1,545 shares equivalent of NOV common stock through the NOV Inc. 401(k) Plan as of March 20, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a standard tax-related transaction for an executive's equity compensation rather than a discretionary sale or purchase.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine insider transactions like tax withholdings are common and generally do not reflect a change in company fundamentals or broader industry trends.

Stakeholder Impact

• Minimal impact on shareholders as it's a routine tax-related disposition of shares, not indicative of a change in company outlook or executive confidence.

Key Dates

Recommendation

The reported transaction is a routine disposition of shares by a company executive to cover tax liabilities associated with the vesting of restricted stock units. This is a standard administrative event and does not reflect a discretionary sale or purchase that would typically influence an investment recommendation. Therefore, it provides no new fundamental information to alter an existing 'hold' position.

Keywords

NOV Inc., NOV, Rodney C. Reed, Form 4, Insider Transaction, Stock Disposition, Restricted Stock Units, Tax Withholding, CFO