NOV (NOV) accounting chief has 4,773 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NOV Inc. executive Christy Lynn Novak, VP, Corporate Controller and Chief Accounting Officer, reported an automatic share withholding related to equity compensation. On February 6, 2026, 4,773 shares of NOV common stock were withheld at $18.91 per share to cover taxes due on the vesting of time-based restricted stock units originally granted on February 6, 2024. After this tax-withholding transaction, Novak beneficially owned 86,702 NOV common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Novak Christy Lynn
Role
VP, Corp. Controller, CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,773 | $18.91 | $90K |
Holdings After Transaction:
Common Stock — 86,702 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did NOV (NOV) report for Christy Lynn Novak?
NOV reported that executive Christy Lynn Novak had 4,773 common shares withheld to cover taxes on vesting restricted stock units. This was an automatic tax-withholding event, not an open-market sale, and left her with 86,702 directly owned shares afterward.
Was the NOV (NOV) insider transaction an open-market sale?
No, the transaction was not an open-market sale. NOV disclosed that 4,773 shares were withheld from vesting restricted stock units solely to satisfy tax withholding obligations, a common administrative process for equity awards rather than a discretionary stock sale.
What role does Christy Lynn Novak hold at NOV (NOV)?
Christy Lynn Novak serves as NOV’s Vice President, Corporate Controller, and Chief Accounting Officer. Her Form 4 filing reflects equity compensation activity in that capacity, including the withholding of vested restricted stock unit shares to meet tax obligations on February 6, 2026.
What is the origin of the NOV (NOV) restricted stock units involved in this filing?
The restricted stock units were granted on February 6, 2024. When these time-based units vested, NOV withheld 4,773 resulting common shares to cover tax liabilities, as disclosed in the Form 4 footnote explaining the nature of the reported insider transaction.