NOV (NOV) executive logs 6,525-share tax-withholding disposition on RSU vest
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NOV Inc. President - Energy Equipment Joseph W. Rovig reported a tax-withholding disposition of 6,525 shares of NOV common stock on February 19, 2026, at $20.24 per share. The shares were withheld from vesting restricted stock units to cover taxes. After this, he directly holds 269,694 shares, plus 1,011 share equivalents indirectly through the NOV Inc. 401(k) Plan based on his account balance as of February 19, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Rovig Joseph W
Role
President - Energy Equipment
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 6,525 | $20.24 | $132K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 269,694 shares (Direct);
Common Stock — 1,011 shares (Indirect, by 401(k) Plan)
Footnotes (1)
- Represents the number of shares withheld from the vesting of time-based restricted stock units (granted on February 19, 2025) to satisfy tax withholding liability. Represents the number of shares equivalent of NOV common stock held by Mr. Rovig under the NOV Inc. 401(k) Plan. The information in this report is based on Mr. Rovig's account balance as of February 19, 2026.
FAQ
What insider transaction did NOV (NOV) report for Joseph W. Rovig?
NOV reported that executive Joseph W. Rovig had 6,525 NOV common shares withheld to cover tax liabilities from vesting restricted stock units. This Form 4 event reflects a tax-withholding disposition, not an open-market buy or sell trade in NOV shares.
What do the NOV (NOV) Form 4 footnotes explain about the transaction?
The footnotes explain that 6,525 shares were withheld from vesting time-based restricted stock units granted on February 19, 2025, to cover tax liabilities. They also clarify that 1,011 share equivalents represent NOV common stock held in Joseph W. Rovig’s NOV Inc. 401(k) Plan account.
How is Joseph W. Rovig’s 401(k) position in NOV (NOV) reported?
The Form 4 reports 1,011 equivalent shares of NOV common stock held indirectly through the NOV Inc. 401(k) Plan. This amount is based on Joseph W. Rovig’s 401(k) account balance as of February 19, 2026, and is categorized as indirect ownership.