Form 4: NOV Inc. Executive Craig L. Weinstock Reports Stock Disposal for Tax Obligations

Craig L. Weinstock, Sr. VP & General Counsel of NOV Inc., reports disposing of 2,562 shares of common stock to cover tax liabilities related to vesting restricted stock units.

Summary

• On February 23, 2025, Craig L. Weinstock, Sr. VP & General Counsel of NOV Inc., disposed of 2,562 shares of common stock.
• The disposal was to satisfy tax withholding obligations related to the vesting of time-based restricted stock units granted on February 23, 2023.
• The price per share was $15.11.
• Following the transaction, Weinstock directly owns 274,374 shares of NOV Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an executive's stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This particular filing reflects a common practice of executives selling shares to cover tax obligations arising from the vesting of stock-based compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes and does not indicate a change in the executive's long-term outlook on the company.

Key Dates

Keywords

Form 4, NOV Inc., Craig L. Weinstock, Stock Disposal, Tax Withholding, Restricted Stock Units, Insider Trading