---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-288475"
form_type: "8-K"
ticker: "NOV"
cik: "0001021860"
company_name: "NOV Inc."
filed_at: "2023-12-04T23:59:59+00:00"
generated_at: "2026-06-07T18:31:16.461732+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# NOV enters new 3-year employment agreements with CEO Williams and three other executive officers

## Summary
- Severance = 2x base salary plus 2x percentage (125% for CEO Williams, 80% for others) paid over 12 months.
- Stock options continue vesting up to 3 years post-termination; time-based RSUs fully vested.
- Health benefits continuation for 24 months; non-compete, non-solicitation, non-disparagement clauses.
- Agreements effective Dec 4, 2023 for three-year terms; no changes to existing severance agreements.

## SEC filing metadata
- accession: 0001193125-23-288475
- form_type: 8-K
- ticker: NOV
- cik: 0001021860
- company_name: NOV Inc.
- filed_at: 2023-12-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1021860/000119312523288475/0001193125-23-288475-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1021860/000119312523288475/d621968d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-288475
- JSON: https://secwatch.observer/filing/0001193125-23-288475.json
- Plain text: https://secwatch.observer/filing/0001193125-23-288475.txt

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