Welborn Robert S. 4

What Happened

• Robert S. Welborn, a director of NOV Inc. (NOV), was granted 9,457 restricted stock units (RSUs) on 2026-05-20. The Form 4 reports an acquisition price of $0.00 per share (total $0) for the award; transaction code A (award/grant).

Key Details

• Transaction date: 2026-05-20. Form filed: 2026-05-22 (filed within normal reporting window).
• Shares granted: 9,457 RSUs; reported price: $0.00/share; reported acquisition value: $0.
• Shares owned after transaction: not reported in this filing.
• Footnote: F1 — Award is time‑based RSUs under the NOV Inc. Long‑Term Incentive Plan; vests on the first anniversary of the grant.
• Filing timeliness: No late filing indicated.

Context

• RSUs are a compensation award that convert to shares (or cash) only upon vesting; they are not an open‑market purchase or a sale. The grant itself is routine director compensation and does not necessarily indicate the director’s near‑term trading intent. The economic value of the award will depend on NOV’s share price at vesting and any tax withholding applied when the RSUs vest.