Transaction overview
Craig L. Weinstock, who serves as senior vice president and general counsel of NOV Inc. (NYSE:NOV), sold a total of 70,000 shares of the company's common stock on February 23, 2026. The share disposals were executed across multiple transactions at prices ranging from $19.94 to $20.3221, amounting to approximately $1.4 million in proceeds.
Option exercise and resulting ownership
In conjunction with the stock sales, Weinstock exercised options to acquire 50,000 shares of NOV common stock at an exercise price of $15.00 per share, representing a total exercise value of $750,000. After these activities, his direct ownership in NOV totals 256,319 shares.
Company earnings and analyst reaction
NOV reported its fourth-quarter 2025 financial results, which produced a mixed picture. The company posted earnings per share of $0.21, missing the consensus expectation of $0.25. Revenue for the quarter, however, exceeded expectations and amounted to $2.28 billion.
Following the release, BMO Capital adjusted its view on NOV by raising its price target to $20 from $19 while retaining a Market Perform rating. The firm cited slightly higher revenue expectations but lowered EPS forecasts, attributing the revision to higher taxes.
Dividend action and corporate governance update
NOV's board approved a 20% increase in the quarterly dividend, raising it to $0.09 per share. The dividend is payable on March 27, 2026, to shareholders of record as of March 13, 2026.
In a separate corporate governance development, Ben A. Guill resigned from NOV's board of directors, citing personal commitments. The company made clear that his resignation was not the result of any disagreement with the company.
Summary points
- Senior VP and general counsel Craig L. Weinstock sold 70,000 NOV shares on February 23, 2026, for about $1.4 million, and exercised options for 50,000 shares at $15.00.
- NOV's Q4 2025 results showed EPS of $0.21, below the expected $0.25, while revenue beat expectations at $2.28 billion.
- The company raised its quarterly dividend by 20% to $0.09 per share and experienced a board resignation with no reported disagreement.
Context and limitations
The details presented are limited to the transactions and company announcements disclosed. No additional context, motivations behind insider transactions, or strategic commentary beyond the company and analyst statements cited are included here.