Joseph W. Rovig - Feb 19, 2025 Form 4 Insider Report for NOV Inc. (NOV)

Role
President - Energy Equipment
Signature
By: Peter F. Vranderic For: Joseph W. Rovig
Stock symbol
NOV
Transactions as of
Feb 19, 2025
Transactions value $
-$227,565
Form type
4
Date filed
2/21/2025, 11:46 AM
Previous filing
Feb 18, 2025
Next filing
Feb 24, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NOV Common Stock Award $0 +49.7K +26.57% $0.00 237K Feb 19, 2025 Direct F1
transaction NOV Common Stock Award $0 +42.2K +17.81% $0.00 279K Feb 19, 2025 Direct F2
transaction NOV Common Stock Tax liability -$228K -14.9K -5.34% $15.28 264K Feb 19, 2025 Direct F3
holding NOV Common Stock 976 Feb 19, 2025 by 401(K) Plan F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NOV Non-Qualified Stock Option (right to buy) Award $0 +28.4K $0.00 28.4K Feb 19, 2025 Common Stock 28.4K $15.28 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 An equity award of time-based restricted stock units pursuant to the NOV Inc. Long-Term Incentive Plan, which will vest in 3 equal annual installments commencing on the first anniversary of the date of the grant.
F2 Represents the total number of shares that vested from the performance share awards granted to Mr. Rovig on February 15, 2022.
F3 Represents the number of shares withheld from the vesting of the performance share awards granted to Mr. Rovig on February 15, 2022 to satisfy tax withholding liability.
F4 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, 2025.
F5 The option, awarded pursuant to the NOV Inc. Long-Term Incentive Plan, representing a right to purchase a total of 28,443 shares, will become exercisable in 3 equal annual installments beginning on February 19, 2026, which will be the first anniversary of the date on which the option was granted.