Novak Christy Lynn 4

What Happened

Christy Lynn Novak, VP, Corporate Controller and CAO of NOV Inc., was granted 27,139 restricted stock units (RSUs) on 2026-02-18. The award was recorded at $0 per share (a compensation grant), so there was no cash purchase or sale. These RSUs will convert to actual shares only if vesting conditions are met.

Key Details

• Transaction date: 2026-02-18; Form 4 filed 2026-02-20 (timely filing).
• Award: 27,139 time‑based RSUs; grant price shown as $0.00; total reported cash consideration $0.
• Vesting: Grant vests in three equal annual installments beginning on the first anniversary of the grant (per footnote F1).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: F1 describes the award as time‑based RSUs under the NOV Inc. Long‑Term Incentive Plan with three‑year vesting.

Context

RSUs are a form of compensation that convert to shares only after vesting and are generally awarded to align executive incentives with shareholder value. This is a grant (compensation) rather than an open‑market purchase or sale, so it does not directly signal buying or selling pressure in the market. Funds or shares may later be withheld for taxes when the RSUs vest; this filing does not indicate any immediate sale of shares.