Reed Rodney C. 4
4 · NOV Inc. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
NOV (NOV) CFO Rodney Reed Receives 32,391-Share RSU Award
What Happened
Rodney C. Reed, Senior Vice President and Chief Financial Officer of NOV Inc., was granted 32,391 restricted stock units (an equity award) on February 18, 2026. The award was granted at $0.00 (standard for RSUs) and will vest in three equal annual installments beginning on the first anniversary of the grant. This is a compensation/retention award rather than an open-market purchase or sale and does not represent an immediate cash transaction.
Key Details
- Transaction type/date: Award (A) on 2026-02-18; reported on Form 4 filed 2026-02-20 (timely filing).
- Price: $0.00 per share (typical for RSU grants); total immediate cash = $0.
- Vesting: 32,391 RSUs vest in three equal annual installments starting one year after grant (≈10,797 RSUs per year). (Footnote F1)
- Shares owned after transaction: Not specified in the provided filing; footnote F2 notes additional NOV share equivalents held by Mr. Reed in the NOV 401(k) plan based on his account balance as of Feb 18, 2026.
- No indication of 10b5-1 plan, tax-withholding sale, or other sale/exercise in this filing.
Context
Time-based RSUs are common executive compensation that align pay with longer-term performance and retention; they do not provide immediate proceeds to the recipient and may be forfeited if employment ends before vesting. This grant is a routine equity award and should be viewed as compensation rather than a direct bullish or bearish signal from the insider.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-18+32,391→ 176,304 total
- 1,545(indirect: By 401(k))
Common Stock
[F2]
Footnotes (2)
- [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 number of shares equivalent of NOV common stock held by Mr. Reed under the NOV Inc. 401(k) Plan. The information in this report is based on Mr. Reed's account balance as of February 18, 2026.