---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-192017"
form_type: "8-K"
ticker: "NOV"
cik: "0001021860"
company_name: "NOV Inc."
filed_at: "2022-07-12T23:59:59+00:00"
generated_at: "2026-06-24T16:22:04.679304+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# NOV adopts equity retirement program and retiree medical plan for eligible employees

## Summary
- Qualifying employees must be age 60+, have 10+ years total service and 5 consecutive years; named executives eligible.
- Equity awards granted ≥12 months before retirement continue full vesting; awards <12 months get prorated vesting.
- Vested options/SARs become exercisable through original expiration; retirees must sign non-compete and non-solicit.
- Retiree medical plan provides coverage until age 65 Medicare eligibility; executives have no immediate retirement plans.
- Program effective July 11, 2022, applies to 2022 and future equity awards; Compensation Committee may amend or terminate.

## SEC filing metadata
- accession: 0001193125-22-192017
- form_type: 8-K
- ticker: NOV
- cik: 0001021860
- company_name: NOV Inc.
- filed_at: 2022-07-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1021860/000119312522192017/0001193125-22-192017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1021860/000119312522192017/d367330d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-192017
- JSON: https://secwatch.observer/filing/0001193125-22-192017.json
- Plain text: https://secwatch.observer/filing/0001193125-22-192017.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.