Kendall Christian S 4

What Happened

• Kendall Christian S, a director of NOV Inc. (NOV), was granted 9,457 shares in the form of time‑based restricted stock units (RSUs) on May 20, 2026. The Form 4 reports an acquisition at $0.00 per share (no cash paid at grant).
• The award is a compensation grant (not an open‑market purchase or sale) and will convert to ordinary shares if and when the units vest.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-22 (filed two days after the transaction).
• Transaction type: Award/Grant (code A); 9,457 RSUs granted at $0.00 reported price.
• Shares owned after transaction: not disclosed in this filing.
• Footnote: The grant is a time‑based RSU under the NOV Inc. Long‑Term Incentive Plan and vests on the first anniversary of the grant date.
• No indication of a 10b5-1 plan, sale, exercise, or tax withholding in this filing.

Context

• RSUs are compensation that convert into shares only after vesting; they do not require an immediate cash outlay and do not necessarily indicate the insider’s view on the stock. Purchases tend to be more direct signals of insider confidence than routine compensation grants.
• This appears to be a standard long‑term incentive award to align executive/director interests with shareholders; the ultimate value will depend on NOV’s share price at vesting.