Patricia Martinez of NOV Inc. (NOV) granted 9,457 share units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Martinez Patricia reported acquisition or exercise transactions in this Form 4 filing.
NOV Inc. director Patricia Martinez received an equity award of 9,457 time-based restricted stock units under the NOV Inc. Long-Term Incentive Plan. The award was granted at no cash cost per share and will vest on the first anniversary of the grant date. Following this award, she holds 34,956 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Martinez Patricia
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,457 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 34,956 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock units granted: 9,457 units
Grant price per share: $0.00 per share
Shares held after transaction: 34,956 shares
+1 more
4 metrics
Restricted stock units granted
9,457 units
Equity award of time-based RSUs
Grant price per share
$0.00 per share
Compensation grant, not market purchase
Shares held after transaction
34,956 shares
Direct ownership following award
Vesting schedule
First anniversary of grant
RSUs vest after one year
Key Terms
restricted stock units, Long-Term Incentive Plan, equity award
3 terms
restricted stock units financial
"An equity award of time-based restricted stock units pursuant to the NOV Inc. Long-Term Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Long-Term Incentive Plan financial
"time-based restricted stock units pursuant to the NOV Inc. Long-Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
equity award financial
"An equity award of time-based restricted stock units pursuant to the NOV Inc. Long-Term Incentive Plan"
An equity award is a form of pay where a company gives employees, executives or other stakeholders the right to own or buy company shares—either immediately or after meeting certain conditions. Think of it like receiving slices of the company pie now or coupons to claim slices later; it matters to investors because it affects ownership dilution, executive incentives and reported compensation costs, and signals how management is being rewarded and retained.
FAQ
What did NOV (NOV) director Patricia Martinez report in this Form 4?
Patricia Martinez reported receiving an equity award of 9,457 time-based restricted stock units from NOV Inc. This compensation grant carries no cash purchase price and represents additional exposure to NOV’s common stock, subject to vesting conditions outlined in the company’s Long-Term Incentive Plan.
Was Patricia Martinez’s NOV (NOV) grant an open-market purchase?
No. The Form 4 classifies the transaction with code “A,” indicating a grant, award, or other acquisition. The 9,457 restricted stock units were issued as compensation at a price of $0.00 per share rather than being bought in the open market.
When will Patricia Martinez’s NOV (NOV) restricted stock units vest?
The footnote explains that the 9,457 time-based restricted stock units will vest on the first anniversary of the grant date. This means the award converts into deliverable NOV Inc. common shares after one year, assuming the vesting conditions are satisfied.