Tax withholding on NOV (NOV) RSU vesting trims Craig Weinstock’s shares
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Weinstock Craig L.
Role
Sr. VP. & Gen. Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,562 | $20.28 | $52K |
Holdings After Transaction:
Common Stock — 253,757 shares (Direct)
Footnotes (1)
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FAQ
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.