other material
confidence high
sentiment neutral
materiality 0.30
NOV grants 248,805 RSUs to CEO and four other NEOs; vesting over three years
NOV Inc.
- CEO Clay C. Williams received 127,764 RSUs; CFO Jose A. Bayardo 40,347; three presidents each 26,898 RSUs.
- RSUs vest in three equal annual installments beginning February 15, 2023, subject to continued employment.
- Compensation Committee also approved new forms of Performance Award and Nonqualified Stock Option Agreements under the 2018 LTIP.
- Grants made under National Oilwell Varco, Inc. 2018 Long-Term Incentive Plan; no financial results or guidance changes.