NOV executive reports tax-withholding share disposition
NOV Inc. executive Christy Lynn Novak, VP, Corporate Controller and Chief Accounting Officer, reported a tax-related share disposition.
Rhea-AI Filing Summary
NOV Inc. executive Christy Lynn Novak, VP, Corporate Controller and Chief Accounting Officer, reported a tax-related share disposition. On the tax-withholding transaction date, 3,843 shares of common stock were withheld at a price of $20.28 per share to satisfy tax obligations from vesting restricted stock units. After this tax-withholding disposition, Novak directly held 103,430 shares of NOV common stock.
Positive
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Insider Trade Summary
Exercise Price or Tax Liability: 3,843 shares
Exercise Price or Tax Liability
1 txn
Insider
Novak Christy Lynn
Role
VP, Corp. Controller, CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 3,843 | $20.28 | $78K |
Holdings After Transaction:
Common Stock — 103,430 shares (Direct)
Footnotes (1)
- F1. Represents the number of shares withheld from the vesting of time-based restricted stock units (granted on February 23, 2023) to satisfy tax withholding liability.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did NOV (NOV) executive Christy Lynn Novak report on this Form 4?
Christy Lynn Novak reported a tax-withholding disposition of NOV common stock. The transaction reflects shares withheld to cover taxes due on vesting restricted stock units, not an open-market stock sale, and updates her directly held share balance.
What is the nature of the NOV (NOV) transaction code "F" on this Form 4?
Transaction code "F" indicates payment of tax liability by delivering securities. In this filing, it represents NOV shares withheld from vested restricted stock units to cover taxes, classified as a tax-withholding disposition rather than a market purchase or sale.
What role does Christy Lynn Novak hold at NOV (NOV) in this filing?
Christy Lynn Novak is identified as NOV’s Vice President, Corporate Controller and Chief Accounting Officer. Her insider status and officer position require reporting equity transactions such as this tax-withholding disposition of common stock related to restricted stock unit vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.