NOV executive has 2,201 shares withheld for taxes
NOV Inc. President – Energy Equipment Joseph W. Rovig reported an automatic share withholding tied to equity compensation.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,201 | $18.91 | $42K |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. 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
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What insider transaction did NOV (NOV) report for Joseph W. Rovig?
Was the NOV (NOV) Form 4 a discretionary stock sale by the executive?
What does the $18.91 price on the NOV (NOV) Form 4 represent?
How are Joseph W. Rovig’s NOV (NOV) 401(k) holdings reported?
AI-generated analysis. How Rhea-AI works. Not financial advice.