Chowbey Sanjay 4

What Happened Sanjay Chowbey, a director of NOV Inc. (NOV), was granted 9,457 restricted stock units (RSUs) on May 20, 2026. The grant is reported at $0.00 per unit (typical for equity awards granted as compensation). These are deferred, time‑based RSUs that will be paid out in installment distributions beginning January 15, 2030 and continuing for an additional three calendar years under the company’s Long‑Term Incentive Plan and the director’s election under the Director Nonqualified Deferred Compensation Plan.

Key Details

• Transaction date: 2026-05-20; Form 4 filed: 2026-05-22 (filed timely).
• Transaction type/code: Award/Grant (A).
• Amount: 9,457 RSUs; reported acquisition price: $0.00.
• Distribution: Installment distributions commence 2026-01-15? (footnote states distributions commence Jan 15, 2030 and continue for an additional three calendar years).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote: RSUs are deferred under the NOV Inc. Long‑Term Incentive Plan and the Director Nonqualified Deferred Compensation Plan; payouts are scheduled beginning Jan 15, 2030 and over the following three years.

Context RSU grants to directors are typically part of routine compensation and do not represent an open‑market purchase or sale. These RSUs will convert to shares (or cash if plan specifies) only when distributed per the deferred schedule, so they do not immediately change market exposure. The filing appears timely (within the usual two‑business‑day Form 4 window).