Form 4: NOV Officer's Stock Withholding for Tax Liability

Scott B. Livingston, an officer at NOV Inc., reported the withholding of 3,188 common shares to cover tax obligations related to restricted stock unit vesting.

Summary

• Scott B. Livingston, an officer of NOV Inc., reported a transaction involving company common stock.
• On February 19, 2026, 3,188 shares of common stock were disposed of.
• This disposition was a withholding transaction (Code 'F') at a price of $20.24 per share.
• The shares were withheld from the vesting of time-based restricted stock units, which were granted on February 19, 2025, to satisfy tax withholding liability.
• Following this transaction, Livingston beneficially owns 119,472 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, reflecting a standard administrative process for executive compensation and tax compliance rather than a discretionary sale or purchase indicating a change in sentiment.

Future Outlook

No specific future outlook or guidance is provided in this Form 4 filing, as it is a disclosure of an insider transaction.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures of insider trading activity, providing transparency into executive compensation and ownership changes. This specific filing reflects a common practice where shares are withheld to cover tax obligations upon the vesting of restricted stock units, a standard component of executive compensation packages in the energy equipment and services sector.

Comparison to Industry Standards

• This is a standard tax withholding transaction for Restricted Stock Unit (RSU) vesting, a common practice across all industries for executive compensation. No specific comparable companies, projects, or results are relevant for this type of routine disclosure.

Stakeholder Impact

• Shareholders: Minimal direct impact as it is a routine tax-related disposition, not a discretionary sale. It provides transparency on executive ownership.
• Employees, Customers, Suppliers, Creditors: No direct impact.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary disposition of shares to cover tax liabilities associated with the vesting of restricted stock units. Such administrative transactions do not typically signal a change in the company's fundamentals or the insider's long-term view, thus a "hold" recommendation remains appropriate based solely on this filing.

Keywords

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