Form 4: NOV Inc. Executive Joseph W. Rovig Reports Changes in Beneficial Ownership

Joseph W. Rovig, President Energy Equipment at NOV Inc., reports changes in beneficial ownership of company stock due to tax withholding and holdings in a 401(k) plan.

Summary

• On February 15, 2025, Joseph W. Rovig, President Energy Equipment at NOV Inc., reported changes in his beneficial ownership of NOV common stock.
• 2,184 shares were withheld to cover tax liabilities related to the vesting of time-based restricted stock units granted on February 15, 2022, at a price of $15.54 per share.
• Rovig also holds 976 shares of NOV common stock indirectly through the NOV Inc. 401(k) Plan, based on his account balance as of February 15, 2025.
• Following these transactions, Rovig directly owns 187,182 shares of NOV common stock.

Sentiment

Score: 5

Explanation: This is a neutral filing related to routine transactions. It doesn't indicate any positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure related to insider transactions and is required by the SEC to ensure transparency in the market. It provides investors with information about the trading activities of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• Employees are impacted through the 401(k) plan and stock-based compensation.

Key Dates

Keywords

Form 4, Beneficial Ownership, NOV Inc., Joseph W. Rovig, Insider Trading, SEC Filing, Common Stock, 401(k), Tax Withholding