NOV (NYSE: NOV) CFO has RSU shares withheld to cover tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NOV Inc. Senior VP and CFO Rodney C. Reed reported a tax-withholding disposition of 3,477 shares of NOV common stock on February 19, 2026. The shares were withheld upon vesting of time-based restricted stock units, granted on February 19, 2025, to satisfy tax withholding liability at $20.24 per share.
After this transaction, Reed held 172,827 shares of NOV common stock directly and an additional 1,545 share equivalents indirectly through the NOV Inc. 401(k) Plan, based on his plan account balance as of February 19, 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 |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,477 | $20.24 | $70K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 172,827 shares (Direct);
Common Stock — 1,545 shares (Indirect, by 401(k) Plan)
Footnotes (1)
- Represents the number of shares withheld from the vesting of time-based restricted stock units (granted on February 19, 2025) to satisfy tax withholding liability. 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 19, 2026.
FAQ
What insider transaction did NOV (NOV) disclose for Rodney C. Reed?
NOV reported that Senior VP and CFO Rodney C. Reed had 3,477 shares of common stock withheld on February 19, 2026. The filing describes this as a tax-withholding disposition tied to vesting of time-based restricted stock units granted on February 19, 2025.
Was the NOV (NOV) CFO’s Form 4 transaction an open-market stock sale?
The Form 4 characterizes the CFO’s activity as a tax-withholding disposition, not an open-market sale. Shares were withheld from vesting restricted stock units to cover tax liabilities, consistent with the “F” transaction code for payment of tax liability by delivering securities.
What does the 401(k) position in NOV (NOV) represent for the CFO?
The filing notes 1,545 share equivalents of NOV common stock held under the NOV Inc. 401(k) Plan for Mr. Reed. This amount reflects his 401(k) account balance in NOV stock equivalents as of February 19, 2026, and is reported as indirect ownership.