Form 4: NOV Inc. Executive Scott B. Livingston Reports Stock Transaction

Scott B. Livingston, President of Energy Products and Services at NOV Inc., reports the withholding of 1,738 common stock shares to cover tax obligations related to vesting restricted stock units.

Summary

• On February 6, 2025, Scott B. Livingston, President of Energy Products and Services at NOV Inc., had 1,738 shares of common stock withheld to cover tax liabilities.
• The shares were withheld from 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, Livingston directly owns 60,014 shares of NOV Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a standard tax withholding transaction. 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 filing indicates a standard tax withholding procedure related to the vesting of restricted stock units, a common form of executive compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine tax withholding procedure.

Key Dates

Keywords

Form 4, NOV Inc., Scott B. Livingston, Stock Transaction, Beneficial Ownership, Restricted Stock Units, Tax Withholding, Energy Products and Services