Form 4: NOV Inc. Executive Clay C. Williams Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Clay C. Williams, Chairman, President, and CEO of NOV Inc., reports a transaction involving the withholding of shares to cover tax liabilities related to vesting restricted stock units.
Summary
- On February 15, 2025, Clay C. Williams, Chairman, President, and CEO of NOV Inc., had 16,759 shares of common stock withheld to cover tax liabilities associated with the vesting of restricted stock units.
- The shares were withheld at a price of $15.54 per share.
- Following the transaction, Mr. Williams directly owns 1,265,236 shares of NOV Inc. common stock.
- He also indirectly owns 30,000 shares through children's trusts and 46 shares through the NOV Saving Plan.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing changes in beneficial ownership, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/15/2022 | Date of grant for the time-based restricted stock units. |
| 02/15/2025 | Date of the reported transaction (stock withholding for tax liability) and the date of Mr. Williams' account balance for the Non-Qualified Deferred Compensation Plan. |
| 02/18/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Clay C. Williams, NOV Inc., Stock Transaction, Restricted Stock Units, Tax Withholding
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.