Form 4: NOV Executive Sells Shares for Tax Withholding
Insider Transaction Report
NOV Inc. Senior VP and General Counsel Craig L. Weinstock disposed of 3,182 shares of common stock to cover tax withholding obligations related to restricted stock unit vesting.
Summary
- Craig L. Weinstock, Senior VP & General Counsel of NOV Inc., reported a transaction involving the company's common stock.
- On February 6, 2026, 3,182 shares of common stock were disposed of at a price of $18.91 per share.
- This disposition was a 'F' transaction code, indicating shares were withheld to satisfy tax withholding liability.
- The shares were withheld from the vesting of time-based restricted stock units that were granted on February 6, 2024.
- Following this transaction, Craig L. Weinstock beneficially owns 232,013 shares of NOV Inc. common stock directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine administrative transaction related to executive compensation and tax obligations, rather than a discretionary sale or purchase based on market sentiment.
Positives
- The transaction indicates the vesting of time-based restricted stock units, reflecting a component of executive compensation being realized.
Negatives
- The disposition of shares, while for tax purposes, reduces the executive's direct ownership slightly.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that routine insider transactions, such as those for tax withholding upon RSU vesting, are common across all industries and typically do not reflect a change in an executive's outlook on the company's future performance. They are an expected part of executive compensation plans.
Stakeholder Impact
- Shareholders: The transaction is a routine administrative event and is unlikely to have a significant direct impact on shareholders or the company's operational performance.
- Employees: The vesting of restricted stock units is part of executive compensation, which can be a positive signal for employee incentive programs.
Key Dates
| Date | Description |
|---|---|
| 02/06/2024 | Date when time-based restricted stock units were granted to Craig L. Weinstock. |
| 02/06/2026 | Date of the reported transaction where shares were disposed of for tax withholding. |
| 02/09/2026 | Date the Form 4 was signed by Peter F. Vranderic on behalf of Craig L. Weinstock. |
Keywords
NOV Inc., NOV, Craig L. Weinstock, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock Units, Executive Compensation
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