Form 4: NOV Inc. Executive Reports Stock Transactions
SEC Form 4 Filing
Christy Lynn Novak, VP, Corp. Controller, and CAO of NOV Inc., reports the withholding of shares to cover tax liabilities and holdings in an IRA account.
Summary
- On February 23, 2025, Christy Lynn Novak, VP, Corp. Controller, and CAO of NOV Inc., had 3,843 shares of common stock withheld to cover tax liabilities at a price of $15.11 per share.
- Following this transaction, Ms. Novak directly owns 106,287 shares of NOV Inc. common stock.
- Ms. Novak also indirectly owns 450 shares of NOV Inc. common stock through an IRA account with Merrill Lynch, Pierce, Fenner & Smith Incorporated, based on her account balance as of February 23, 2025.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions; it doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to executive compensation and holdings, common in publicly traded companies.
Stakeholder Impact
- Shareholders are informed about executive stock transactions, providing transparency.
Key Dates
| Date | Description |
|---|---|
| 02/23/2023 | Date of grant for time-based restricted stock units. |
| 02/23/2025 | Date of stock transaction and IRA account balance assessment. |
| 02/24/2025 | Date of signature for the report. |
Keywords
Form 4, NOV Inc., Christy Lynn Novak, Stock Transaction, Beneficial Ownership, IRA Account, Tax Withholding
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