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

Scott B. Livingston, an officer at NOV Inc., reported a transaction involving common stock on February 23, 2025, where shares were withheld to cover tax liabilities.

Summary

• On February 23, 2025, Scott B. Livingston, an officer of NOV Inc., engaged in a transaction involving the company's common stock.
• A total of 1,259 shares were disposed of at a price of $15.11 per share.
• This transaction was due to the withholding of shares to cover tax liabilities associated with the vesting of restricted stock units granted on February 23, 2023.
• Following the transaction, Livingston directly owns 96,384 shares of NOV Inc. common stock.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations on vested stock, so it doesn't significantly impact sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment or misalignment of interests between management and shareholders.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a standard procedure for covering tax obligations.

Key Dates

Keywords

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