NOV counsel receives equity awards, shares withheld
NOV Inc. senior vice president and general counsel Craig L. Weinstock reported equity-related transactions in the company’s common stock.
Rhea-AI Filing Summary
NOV Inc. senior vice president and general counsel Craig L. Weinstock reported equity-related transactions in the company’s common stock. He acquired 29,765 shares through a time-based restricted stock unit award under the NOV Inc. Long-Term Incentive Plan that will vest in three equal annual installments starting on the first anniversary of the grant date. He also acquired 33,602 shares representing the total number of shares that vested from performance share awards originally granted on February 23, 2023. In connection with that vesting, 13,223 shares were disposed of at $19.99 per share to cover tax withholding obligations, leaving him with directly owned shares as reflected in the post-transaction balances reported for each line item.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 29,765 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 33,602 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 13,223 | $19.99 | $264K |
Footnotes (3)
- F1. An equity award of time-based restricted stock units pursuant to the NOV Inc. Long-Term Incentive Plan, which will vest in three equal annual installments commencing on the first anniversary of the date of the grant.
- F2. Represents the total number of shares that vested from the performance share awards granted to Mr. Weinstock on February 23, 2023.
- F3. Represents the number of shares withheld from the vesting of the performance share awards granted to Mr. Weinstock on February 23, 2023 to satisfy tax withholding liability.
FAQ
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What insider transactions did NOV (NOV) disclose for Craig L. Weinstock?
How will Craig Weinstock’s new NOV (NOV) restricted stock units vest?
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