NOV counsel reports tax-share withholding on RSUs
NOV Inc. senior vice president and general counsel Craig L. Weinstock reported a Form 4 transaction involving company common stock.
Rhea-AI Filing Summary
NOV Inc. senior vice president and general counsel Craig L. Weinstock reported a Form 4 transaction involving company common stock. On February 23, 2026, 2,562 shares were disposed of as a tax-withholding disposition tied to the vesting of time-based restricted stock units granted on February 23, 2023. This was not an open-market trade but shares withheld to cover tax obligations. After this withholding, Weinstock directly owned 253,757 shares of NOV common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 2,562 shares
Exercise Price or Tax Liability
1 txn
Insider
Weinstock Craig L.
Role
Sr. VP. & Gen. Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,562 | $20.28 | $52K |
Holdings After Transaction:
Common Stock — 253,757 shares (Direct)
Footnotes (1)
- F1. Represents the number of shares withheld from the vesting of time-based restricted stock units (granted on February 23, 2023) to satisfy tax withholding liability.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did NOV (NOV) report for Craig L. Weinstock?
NOV reported that Craig L. Weinstock had 2,562 shares of common stock withheld to cover taxes on vesting restricted stock units. The transaction was classified as a tax-withholding disposition, not an open-market purchase or sale, and relates to time-based RSUs granted in February 2023.
What triggered the tax-withholding disposition reported by NOV (NOV)?
The tax-withholding disposition was triggered by the vesting of time-based restricted stock units granted on February 23, 2023. When those RSUs vested, 2,562 shares were withheld to satisfy tax withholding liability instead of Craig L. Weinstock paying the associated taxes in cash.
What does transaction code F mean in the NOV (NOV) Form 4 filing?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this NOV filing, it reflects 2,562 shares of common stock withheld from vesting restricted stock units to pay tax withholding, rather than a traditional open-market share sale by the insider.
AI-generated analysis. How Rhea-AI works. Not financial advice.