Executive at NOV (NOV) receives 27,139-share time-based stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NOV Inc. reported that VP, Corporate Controller and Chief Accounting Officer Christy Lynn Novak acquired 27,139 shares of common stock through an equity award. The award consists of time-based restricted stock units that will vest in three equal annual installments beginning on the first anniversary of the grant date. After this grant, her directly held stake totals 113,841 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 |
|---|---|---|---|---|
| Grant/Award | Common Stock | 27,139 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 113,841 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did NOV (NOV) report for Christy Lynn Novak?
NOV reported that Christy Lynn Novak received an equity award of 27,139 shares of common stock. The award was granted at a price of $0.00 per share as a time-based restricted stock unit grant under NOV Inc.’s Long-Term Incentive Plan.
Was the NOV (NOV) Form 4 transaction a market purchase or a stock grant?
The NOV Form 4 shows a stock grant, not a market purchase. Christy Lynn Novak acquired 27,139 shares through an equity award of time-based restricted stock units with a reported price of $0.00 per share under the company’s Long-Term Incentive Plan.
What are the vesting terms of the NOV (NOV) restricted stock units granted?
The 27,139 time-based restricted stock units will vest in three equal annual installments. Vesting begins on the first anniversary of the grant date, meaning one-third of the award becomes vested each year over a three-year period, subject to the plan’s terms.
Under which plan was Christy Lynn Novak’s NOV (NOV) equity award granted?
Christy Lynn Novak’s equity award was granted under the NOV Inc. Long-Term Incentive Plan. The award consists of 27,139 time-based restricted stock units that vest over three years in equal annual installments, aligning her compensation with long-term company performance.