[Form 4] NOV Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kendall Christian S reported acquisition or exercise transactions in this Form 4 filing.
NOV Inc. director Kendall Christian received an equity grant of 9,457 shares of Common Stock in the form of time-based restricted stock units. The award was made at no cash cost per share and will vest on the first anniversary of the grant date. Following this award, Christian directly holds 95,406 NOV shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kendall Christian S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,457 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 95,406 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-transaction holdings: 95,406 shares
+1 more
4 metrics
Equity award size
9,457 shares
Time-based restricted stock units granted to director
Grant price per share
$0.00 per share
Compensation-related equity award, not market purchase
Post-transaction holdings
95,406 shares
Director’s direct ownership after the grant
Vesting period
1 year
RSUs vest on first anniversary of grant date
Key Terms
restricted stock units, Long-Term Incentive Plan, beneficial ownership
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.
beneficial ownership financial
"total shares following transaction reflects beneficial ownership after the equity award"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What did NOV (NOV) director Kendall Christian acquire in this Form 4?
Kendall Christian received an equity grant of 9,457 NOV Common Stock shares as time-based restricted stock units. These units are part of NOV Inc.’s Long-Term Incentive Plan and represent compensation rather than an open-market share purchase.
When will Kendall Christian’s new NOV (NOV) restricted stock units vest?
The restricted stock units will vest on the first anniversary of the grant date. Vesting means the shares become fully earned over time, aligning the director’s compensation with longer-term company performance and continued service during the vesting period.
Is Kendall Christian’s NOV (NOV) Form 4 transaction a market buy or sell?
No, this Form 4 reports a grant coded as an acquisition under compensation, not a market purchase or sale. It reflects an equity award under the Long-Term Incentive Plan rather than trading NOV shares on the open market.