Director at NOV (NOV) granted 9,457 time-based restricted stock units as equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HARRISON DAVID D reported acquisition or exercise transactions in this Form 4 filing.
NOV Inc. director David D. Harrison received an equity award of 9,457 shares of Common Stock in the form of time-based restricted stock units under the NOV Inc. Long-Term Incentive Plan. The units were granted at no cash cost and will vest on the first anniversary of the grant date. Following this award, Harrison directly holds 136,357 shares of NOV common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HARRISON DAVID D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,457 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 136,357 shares (Direct, null)
Footnotes (1)
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Key Figures
Equity award size: 9,457 shares
Grant price per share: $0.00 per share
Post-award holdings: 136,357 shares
3 metrics
Equity award size
9,457 shares
Time-based restricted stock units granted to director
Grant price per share
$0.00 per share
Restricted stock unit grant price
Post-award holdings
136,357 shares
Director’s direct NOV common stock holdings after award
Key Terms
restricted stock units, Long-Term Incentive Plan, equity award
3 terms
restricted stock units financial
"An equity award of time-based restricted stock units pursuant to the NOV Inc. Long-Term Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Long-Term Incentive Plan financial
"pursuant to the NOV Inc. Long-Term Incentive Plan, which will vest on the first anniversary"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
equity award financial
"An equity award of time-based restricted stock units pursuant to the NOV Inc. Long-Term Incentive Plan"
An equity award is a form of pay where a company gives employees, executives or other stakeholders the right to own or buy company shares—either immediately or after meeting certain conditions. Think of it like receiving slices of the company pie now or coupons to claim slices later; it matters to investors because it affects ownership dilution, executive incentives and reported compensation costs, and signals how management is being rewarded and retained.
FAQ
What insider transaction did NOV (NOV) report for David D. Harrison?
NOV reported that director David D. Harrison received an equity award of 9,457 restricted stock units of Common Stock. These units were granted under the company’s Long-Term Incentive Plan and increase his direct holdings to 136,357 shares after the award.
Was the NOV (NOV) insider award to David D. Harrison a market purchase?
No, the transaction was a grant of 9,457 restricted stock units at a price of $0.00 per share. It reflects a compensation-related equity award under NOV’s Long-Term Incentive Plan rather than an open-market stock purchase by the director.
When will David D. Harrison’s NOV (NOV) restricted stock units vest?
The 9,457 time-based restricted stock units granted to David D. Harrison will vest on the first anniversary of the grant date. Vesting depends on the passage of time under the terms of NOV Inc.’s Long-Term Incentive Plan as disclosed.
What plan governs the NOV (NOV) restricted stock units granted to David D. Harrison?
The award was made pursuant to the NOV Inc. Long-Term Incentive Plan. Under this plan, Harrison received 9,457 time-based restricted stock units that vest one year after the grant, aligning his compensation partly with NOV’s equity performance over time.