Form 4: NOV Inc. CFO Jose A. Bayardo Reports Stock Transaction
SEC Form 4 Filing
Jose A. Bayardo, Senior VP and CFO of NOV Inc., reports the disposal of 5,293 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On February 15, 2025, Jose A. Bayardo, Senior VP and CFO of NOV Inc., disposed of 5,293 shares of common stock.
- The transaction was executed to cover tax withholding liabilities associated with the vesting of time-based restricted stock units granted on February 15, 2022.
- The shares were disposed of at a price of $15.54 per share.
- Following the transaction, Bayardo directly owns 459,317 shares of NOV Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment, as it's a factual report of a routine event.
Industry Context
This filing is a routine disclosure of insider transactions, which are common and expected. It provides transparency into the actions of company executives regarding their holdings in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 02/15/2022 | Date of grant for the time-based restricted stock units. |
| 02/15/2025 | Date of the stock disposal transaction. |
| 02/18/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, NOV Inc., Jose A. Bayardo, Stock Disposal, Restricted Stock Units, Tax Withholding, Insider Trading
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