Livingston Scott B. 4
Research Summary
AI-generated summary
NOV Inc. Scott B. Livingston Receives Restricted Stock Award
What Happened
- Scott B. Livingston (insider) received a grant of 28,014 restricted stock units (RSUs) from NOV Inc. on 2026-02-18. The Form 4 reports an acquisition at $0.00, indicating these are compensation awards rather than an open‑market purchase.
Key Details
- Transaction date: 2026-02-18; filing date: 2026-02-20 (appears timely within the Form 4 two-business-day window).
- Transaction type/code: A = Award/Grant; reported acquisition amount: $0.00.
- Shares/units granted: 28,014 RSUs.
- Shares owned after transaction: not specified in the provided filing details.
- Footnote: Award is time‑based RSUs under the NOV Inc. Long‑Term Incentive Plan; they vest in three equal annual installments beginning on the first anniversary of the grant (per footnote F1).
- No indication of 10b5-1 plan, tax‑withholding sale, or immediate sale of shares in this filing.
Context
- RSUs are compensation that convert to shares only as they vest; the grant itself requires no cash outlay and does not directly indicate buying or selling sentiment. The eventual value realized will depend on NOV’s stock price at each vesting date and any applicable tax withholding.