Linn Michael C 4

What Happened Michael C. Linn, a director of Nabors Industries Ltd (NBR), received a restricted stock award of 1,324 shares on 2026-06-02. The Form 4 reports the acquisition at $0.00 per share (aggregate $0) under transaction code A — this is a compensation grant, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-02; Form 4 filed 2026-06-03 (appears timely).
• Transaction type/code: Award / Acquisition (A).
• Shares granted: 1,324 shares at $0.00; aggregate reported value $0.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: F1 — the restricted stock award is scheduled to vest on the first anniversary of the grant date.
• Tax/withholding or 10b5-1 plan: none reported in the provided data.

Context Restricted stock awards are common compensation for directors and typically vest over time (here, one year). Because this was a grant subject to vesting and not a market purchase or sale, it represents compensation rather than an immediate cash investment or disposition; vesting and any subsequent sales could be reported later.