Form 4: NOV Inc. Executive Jose A. Bayardo Reports Stock Transaction
SEC Form 4 Filing
Senior VP and CFO of NOV Inc., Jose A. Bayardo, reports the withholding of 4,220 common stock shares to cover tax obligations related to vesting restricted stock units.
Summary
- On February 23, 2025, Jose A. Bayardo, Senior VP and CFO of NOV Inc., had 4,220 shares of common stock withheld to cover tax liabilities.
- These shares were related to the vesting of time-based restricted stock units granted on February 23, 2023.
- Following the transaction, Bayardo directly owns 566,788 shares of NOV Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices. It doesn't indicate positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and tax obligations. It's common for companies to grant stock-based compensation and for executives to have shares withheld to cover taxes upon vesting.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| February 23, 2023 | Date of grant for the time-based restricted stock units. |
| February 23, 2025 | Date of the stock transaction (withholding of shares for tax liability). |
| February 24, 2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, NOV Inc., Jose A. Bayardo, Stock Transaction, Restricted Stock Units, Tax Withholding, Beneficial Ownership, Insider Trading
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