Form 4: NOV Inc. Executive Scott B. Livingston Reports Stock Transaction
SEC Form 4 Filing
Scott B. Livingston, President of Energy Products and Services at NOV Inc., reports the withholding of 1,638 common stock shares to cover tax liabilities related to vesting restricted stock units.
Summary
- On February 15, 2025, Scott B. Livingston, President of Energy Products and Services at NOV Inc., had 1,638 shares of common stock withheld to cover tax obligations.
- This transaction occurred as a result of the vesting of time-based restricted stock units granted on February 15, 2022.
- The price per share for the transaction was $15.54.
- Following the transaction, Livingston directly owns 58,376 shares of NOV Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions for tax purposes, and does not indicate any significant 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 standard compensation practices involving stock-based compensation and tax withholding.
Key Dates
| Date | Description |
|---|---|
| 02/15/2022 | Date of grant for the time-based restricted stock units. |
| 02/15/2025 | Date of the transaction where shares were withheld to cover tax liabilities. |
| 02/18/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, NOV Inc., Scott B. Livingston, Stock Transaction, Restricted Stock Units, Tax Withholding, Beneficial Ownership, Energy Products and Services
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