NOV (NOV) president has 2,201 RSU shares withheld at $18.91 for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NOV Inc. President – Energy Equipment Joseph W. Rovig reported an automatic share withholding tied to equity compensation. On February 6, 2026, 2,201 shares of NOV common stock were withheld at $18.91 per share to cover taxes on vesting restricted stock units granted in 2024.
After this tax-related transaction, Mr. Rovig beneficially owned 219,164 NOV common shares directly and an additional 1,011 share equivalents indirectly through the NOV Inc. 401(k) Plan, based on his account balance as of February 6, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Rovig Joseph W
Role
President - Energy Equipment
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,201 | $18.91 | $42K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 219,164 shares (Direct);
Common Stock — 1,011 shares (Indirect, by 401(k) Plan)
Footnotes (1)
- Represents the number of shares withheld from the vesting of time-based restricted stock units (granted on February 6, 2024) to satisfy tax withholding liability. Represents the number of shares equivalent of NOV common stock held by Mr. Rovig under the NOV Inc. 401(k) Plan. The information in this report is based on Mr. Rovig's account balance as of February 6, 2026.
FAQ
What insider transaction did NOV (NOV) report for Joseph W. Rovig?
NOV reported that executive Joseph W. Rovig had 2,201 NOV common shares withheld at $18.91 per share. These shares satisfied tax withholding from the vesting of time-based restricted stock units granted on February 6, 2024.
Was the NOV (NOV) Form 4 a discretionary stock sale by the executive?
The Form 4 reflects shares withheld to cover taxes, not an open-market sale. The 2,201 NOV shares were automatically withheld upon vesting of restricted stock units as part of standard tax withholding treatment for equity compensation.
What does the $18.91 price on the NOV (NOV) Form 4 represent?
The $18.91 figure is the price per NOV common share used for the tax withholding transaction. At this price, 2,201 shares were withheld from vesting restricted stock units to satisfy Mr. Rovig’s tax liability on the equity award.
How are Joseph W. Rovig’s NOV (NOV) 401(k) holdings reported?
The Form 4 reports 1,011 share equivalents of NOV common stock held indirectly through the NOV Inc. 401(k) Plan. This figure reflects Mr. Rovig’s 401(k) account balance expressed in NOV share equivalents as of February 6, 2026.