Form 4: NOV Inc. Executive Clay C. Williams Reports Changes in Beneficial Ownership

Clay C. Williams, Chairman, President, and CEO of NOV Inc., reports changes in beneficial ownership of company stock due to tax withholding and holdings in savings plans.

Summary

• On February 23, 2025, Clay C. Williams, Chairman, President, and CEO of NOV Inc., reported changes in his beneficial ownership of NOV Inc. stock.
• 13,563 shares were disposed of to satisfy tax withholding obligations related to the vesting of restricted stock units at a price of $15.11 per share.
• Williams directly owns 1,608,855 shares of common stock.
• He indirectly owns 30,000 shares through children's trusts.
• He also indirectly owns 46 shares through the NOV Saving Plan.
• The report also covers derivative securities, but no transactions were reported.
• Peter F. Vranderic signed the report on behalf of Clay C. Williams on February 24, 2025.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting transactions related to stock ownership and tax obligations. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and stock ownership, common for publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive stock ownership.
• The tax withholding transaction has a minor impact on the overall share count.

Key Dates

Keywords

beneficial ownership, Form 4, SEC, Clay C. Williams, NOV Inc., stock, restricted stock units, tax withholding, derivative securities