Bayardo Jose A 4
4 · NOV Inc. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
NOV (NOV) CEO Jose A. Bayardo Receives Awards; Withholds 21,779 Shares
What Happened
Jose A. Bayardo, Chairman, President and CEO of NOV Inc., was granted a total of 186,661 shares (131,316 + 55,345) as equity awards on February 18, 2026 (reported as acquisitions at $0.00 per share). Separately, 21,779 shares were disposed (withheld) at $19.99 per share to satisfy tax withholding obligations, yielding approximately $435,362. The awards include time‑based restricted stock units (RSUs) and vested performance share awards.
Key Details
- Transaction date: February 18, 2026; Form 4 filed February 20, 2026 (appears timely).
- Acquisitions: 131,316 shares and 55,345 shares reported as A (awards) at $0.00 per share.
- Disposal: 21,779 shares reported as F (tax withholding) at $19.99 per share; proceeds ≈ $435,362.
- Footnotes:
- F1: One award is time‑based RSUs that vest in three equal annual installments starting one year after grant.
- F2: The 55,345 (or portion) represents shares that vested from performance share awards granted Feb 23, 2023.
- F3: The 21,779 shares were withheld from vested performance awards to satisfy tax withholding.
- Shares owned after the transaction: not specified in the summary provided; see the full Form 4 for total beneficial ownership.
- Transaction codes: A = Award/Grant; F = Tax withholding (share surrender to cover taxes).
Context
These transactions are typical compensation events for executives: the company issued equity awards (acquisitions at $0) and withheld a portion of vested shares to cover taxes (a routine disposition, not an open‑market sale). No open‑market purchases or sales were reported in this filing, and there is no indication of a 10b5‑1 plan or other trading plan disclosed in the provided notes. For exact post‑transaction holdings and full details, consult the full Form 4 filing (Accession: 0001193125-26-060921).
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-18+131,316→ 730,942 total - Award
Common Stock
[F2]2026-02-18+55,345→ 786,287 total - Tax Payment
Common Stock
[F3]2026-02-18$19.99/sh−21,779$435,362→ 764,508 total
Footnotes (3)
- [F1]An equity award of time-based restricted stock units pursuant to the NOV Inc. Long-Term Incentive Plan, which will vest in three 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. Bayardo on February 23, 2023.
- [F3]Represents the number of shares withheld from the vesting of the performance share awards granted to Mr. Bayardo on February 23, 2023 to satisfy tax withholding liability.