Equity award gives NOV (NYSE: NOV) CFO 32,391 stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Reed Rodney C. reported acquisition or exercise transactions in this Form 4 filing.
NOV Inc. Senior VP and CFO Rodney C. Reed reported an equity award of 32,391 shares of common stock on February 18, 2026. The award consists of time-based restricted stock units under the NOV Inc. Long-Term Incentive Plan that vest in three equal annual installments starting on the first anniversary of the grant date.
Following this grant, Reed directly holds 176,304 shares of NOV common stock. In addition, 1,545 share equivalents of NOV common stock are held for his benefit in the NOV Inc. 401(k) Plan based on his account balance as of February 18, 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 |
|---|---|---|---|---|
| Grant/Award | Common Stock | 32,391 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 176,304 shares (Direct);
Common Stock — 1,545 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- An equity award of time-based restricted stock units pursuant to the NOV Inc. Long-Term Incentive Plan, which will vest in three equal annual installments commencing on the first anniversary of the date of the grant. 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 18, 2026.
FAQ
What insider transaction did NOV (NOV) executive Rodney C. Reed report?
Rodney C. Reed reported receiving an equity award of 32,391 NOV common shares. These are time-based restricted stock units granted under NOV Inc.’s Long-Term Incentive Plan, rather than an open-market purchase, and form part of his executive compensation package.
What is Rodney C. Reed’s direct NOV common stock holding after this Form 4?
After the reported grant, Rodney C. Reed directly holds 176,304 shares of NOV common stock. This figure reflects his direct ownership only and excludes additional share equivalents held indirectly through the NOV Inc. 401(k) Plan on his behalf.
Is Rodney C. Reed’s NOV equity award an open-market stock purchase?
No, the reported transaction is a grant of time-based restricted stock units, not an open-market purchase. The equity award was made under NOV Inc.’s Long-Term Incentive Plan and vests in three equal annual installments starting one year after the grant date.