Form 4: NOV CFO's Stock Transaction for Tax Withholding
Insider Transaction Report
NOV Inc.'s Senior VP and CFO, Rodney C. Reed, reported a disposition of 2,527 common shares to cover tax liabilities from restricted stock unit vesting.
Summary
- Rodney C. Reed, Senior VP and CFO of NOV Inc., reported a transaction on February 6, 2026.
- 2,527 shares of NOV common stock were disposed of at a price of $18.91 per share.
- This disposition was to satisfy tax withholding obligations related to the vesting of time-based restricted stock units that were granted on February 6, 2024.
- Following this transaction, Mr. Reed directly beneficially owns 143,913 shares of common stock.
- Additionally, Mr. Reed indirectly holds 1,545 shares of NOV common stock through the NOV Inc. 401(k) Plan as of February 6, 2026.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, representing a standard administrative transaction for tax purposes upon the vesting of restricted stock units, rather than a discretionary sale or purchase indicating a change in management's outlook.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive stock ownership changes. This specific transaction is a common occurrence when restricted stock units vest, as executives often sell a portion to cover tax obligations. It does not reflect a change in the company's operational performance or strategic direction.
Related Party Transactions
- Disposition of 2,527 common shares to NOV Inc. to satisfy tax withholding liability upon the vesting of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 02/06/2024 | Date restricted stock units were granted to Rodney C. Reed. |
| 02/06/2026 | Date of stock disposition for tax withholding and the account balance date for 401(k) plan shares. |
| 02/09/2026 | Date the Form 4 was signed. |
Recommendation
holdThis Form 4 reports a routine disposition of shares by a company executive to cover tax obligations associated with the vesting of restricted stock units. Such administrative transactions are common and do not typically signal a change in the company's fundamentals or management's confidence, thus not warranting a change in investment recommendation.
Keywords
NOV Inc., NOV, Rodney C. Reed, Form 4, Insider Transaction, Stock Disposition, Restricted Stock Units, Tax Withholding, CFO
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