Form 4: NOV Inc. Officer Reports Stock Transaction to Cover Tax Obligations

Christy Lynn Novak, VP, Corp. Controller, and CAO of NOV Inc., reports a transaction involving the withholding of shares to cover tax liabilities related to vesting restricted stock units.

Summary

• On February 15, 2025, Christy Lynn Novak, VP, Corp. Controller, and CAO of NOV Inc., had 5,293 shares of common stock withheld to cover tax liabilities.
• These shares were related to 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, Ms. Novak directly owns 60,065 shares of NOV Inc. common stock.
• Ms. Novak also indirectly owns 450 shares through an IRA account with Merrill Lynch, Pierce, Fenner & Smith Incorporated, based on her account balance as of February 15, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock transactions by an officer. 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 process of covering tax obligations related to equity compensation.

Key Dates

Keywords

Form 4, NOV Inc., Christy Lynn Novak, Stock Transaction, Beneficial Ownership, Restricted Stock Units, Tax Withholding, IRA Account