NOV (NYSE: NOV) CFO covers RSU tax bill through 2,527-share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NOV Inc. Senior VP and CFO Rodney C. Reed had 2,527 shares of common stock withheld on February 6, 2026 to satisfy tax withholding from vesting time-based restricted stock units granted on February 6, 2024, at $18.91 per share.
After this tax withholding, he beneficially owned 143,913 NOV common shares directly and an additional 1,545 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
Reed Rodney C.
Role
Senior VP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,527 | $18.91 | $48K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 143,913 shares (Direct);
Common Stock — 1,545 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. Reed under the NOV Inc. 401(k) Plan. The information in this report is based on Mr. Reed's account balance as of February 6, 2026.
FAQ
What did NOV (NOV) CFO Rodney C. Reed report in this Form 4 filing?
Rodney C. Reed reported a tax-related share withholding. On February 6, 2026, 2,527 NOV common shares were withheld at $18.91 each to cover taxes from vesting restricted stock units originally granted February 6, 2024. This was not an open-market sale.
What does transaction code "F" mean in Rodney C. Reed’s NOV Form 4?
Code "F" indicates shares withheld for taxes on equity awards. In this case, 2,527 NOV shares were withheld to satisfy tax withholding obligations when time-based restricted stock units vested, rather than being a discretionary open-market sale by Rodney C. Reed.
How are Rodney C. Reed’s NOV 401(k) holdings reported in this Form 4?
The Form 4 shows 1,545 NOV share equivalents held indirectly. These represent NOV common stock equivalents in the NOV Inc. 401(k) Plan, reported as indirect ownership, and are based on Rodney C. Reed’s 401(k) account balance as of February 6, 2026.