Form 4: NOV Inc. Executive Craig L. Weinstock Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Craig L. Weinstock, Sr. VP & General Counsel of NOV Inc., reports disposing of 3,182 shares of common stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On February 6, 2025, Craig L. Weinstock, Sr. VP & General Counsel of NOV Inc., disposed of 3,182 shares of common stock.
- The disposal was to satisfy tax withholding liability related to the vesting of time-based restricted stock units granted on February 6, 2024.
- The price per share for the transaction was $15.48.
- Following the transaction, Weinstock beneficially owns 212,575 shares of NOV Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. This filing indicates a transaction related to tax obligations from vested stock units, a common occurrence.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/06/2024 | Date of grant for time-based restricted stock units. |
| 02/06/2025 | Date of stock disposal to satisfy tax withholding liability. |
| 02/07/2025 | Date of signature for the Form 4 filing. |
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