Novak Christy Lynn 4
Research Summary
AI-generated summary
NOV Inc. VP Christy Novak Withholds 4,773 Shares for Taxes
What Happened
- Christy Lynn Novak, VP, Corporate Controller and CAO of NOV Inc. (NOV), had 4,773 shares withheld to satisfy tax withholding on vested time-based restricted stock units. The shares were valued at $18.91 each, for a total disposition of about $90,257. This was a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date and price: Feb 6, 2026 at $18.91 per share.
- Shares disposed: 4,773 shares; total value ≈ $90,257.
- Shares owned after transaction: Not specified in the Form 4 filing.
- Footnote: F1 — Shares were withheld from the vesting of time‑based RSUs granted on Feb 6, 2024 to satisfy tax withholding.
- Timeliness: Report filed Feb 9, 2026 — the filing appears timely (filed within required business-day window).
Context
- This was a tax-withholding action (often described as a cashless or net share settlement) tied to RSU vesting, a routine administrative transaction that does not necessarily indicate insider sentiment. Purchases generally carry more informational weight than routine withholding or sales.