Rovig Joseph W 4
4 · NOV Inc. · Filed Feb 9, 2026
Research Summary
AI-generated summary of this filing
NOV President Joseph W. Rovig Withholds 2,201 Shares for Taxes
What Happened
Joseph W. Rovig, President — Energy Equipment at NOV Inc. (NOV), had 2,201 shares withheld on Feb 6, 2026 to satisfy tax withholding related to the vesting of time‑based restricted stock units. The filing shows the shares were withheld at $18.91 per share, for a total value of $41,621. This was a tax‑withholding disposition (transaction code F), not an open‑market sale or a purchase.
Key Details
- Transaction date and price: 2026-02-06 — 2,201 shares withheld @ $18.91 each; total value $41,621 (code F).
- Shares owned after transaction: Not specified in the excerpted filing.
- Footnotes: F1 = shares withheld from vesting of time‑based RSUs (granted Feb 6, 2024) to satisfy tax withholding. F2 = refers to shares equivalent held by Mr. Rovig in NOV’s 401(k) Plan per his account balance as of Feb 6, 2026.
- Filing timeliness: Report filed 2026-02-09 for the 2026-02-06 transaction — appears timely (filed within required business-day window).
Context
Withholding shares to cover taxes on vested RSUs is a routine administrative action and does not indicate a deliberate sale or purchase decision by the insider. For retail investors, such transactions are generally neutral from a signaling perspective compared with open‑market buys or sales.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-02-06$18.91/sh−2,201$41,621→ 219,164 total
- 1,011(indirect: By 401(k))
Common Stock
[F2]
Footnotes (2)
- [F1]Represents the number of shares withheld from the vesting of time-based restricted stock units (granted on February 6, 2024) to satisfy tax withholding liability.
- [F2]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 6, 2026.