NOV (NOV) VP and CAO reports 6,568-share tax-withholding disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NOV Inc. executive Christy Lynn Novak reported a tax-related share disposition. On the vesting of previously granted time-based restricted stock units, 6,568 shares of NOV common stock were withheld to cover tax obligations, described as a tax-withholding disposition. Novak now directly holds 107,273 NOV common shares.
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 | 6,568 | $20.24 | $133K |
Holdings After Transaction:
Common Stock — 107,273 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 6,568 common shares withheld as a tax-withholding disposition. These shares were taken from vesting time-based restricted stock units to satisfy tax obligations, rather than an open-market sale of shares.
Was the NOV (NOV) insider transaction a tax-withholding event or an open-market sale?
The transaction was a tax-withholding disposition, not an open-market sale. Shares were withheld from the vesting of time-based restricted stock units to cover tax liabilities, reflecting an automatic administrative event tied to equity compensation.
What role does Christy Lynn Novak hold at NOV (NOV) in this Form 4?
In the Form 4, Christy Lynn Novak is identified as an officer of NOV, serving as VP, Corporate Controller, and Chief Accounting Officer. The reported transaction relates to her equity compensation and associated tax withholding on vesting restricted stock units.