Form 4: NOV Inc. Director David D. Harrison Reports Acquisition of Restricted Stock Units

Director David D. Harrison reports acquisition of 15,949 restricted stock units in NOV Inc. under the Long-Term Incentive Plan.

Summary

• David D. Harrison, a director of NOV Inc., reported a transaction on May 20, 2025.
• Harrison acquired 15,949 shares of common stock through an equity award of time-based restricted stock units.
• The restricted stock units were granted pursuant to the NOV Inc. Long-Term Incentive Plan.
• These units will vest on the first anniversary of the grant date.
• Following the transaction, Harrison beneficially owns 126,900 shares of NOV Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns director interests with company performance.

Positives

• The acquisition of restricted stock units aligns the director's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the director.

Future Outlook

The restricted stock units will vest on the first anniversary of the grant date, incentivizing the director's continued involvement with the company.

Industry Context

This is a standard practice for aligning director compensation with company performance in the oilfield services industry.

Key Dates

Keywords

NOV Inc., Director, David D. Harrison, Restricted Stock Units, Long-Term Incentive Plan, Beneficial Ownership, Form 4, Equity Award