Rodriguez Miguel Angel, the Chief Financial Officer of Nabors Industries Ltd, has reported a transaction involving 475 shares of common stock. This transaction occurred on October 1, 2026, and is part of the executive's stock management activities.
Company Overview
Nabors Industries Ltd, identified by CIK 0001163739, operates in the drilling oil and gas wells sector. The company is incorporated in Hamilton, Bermuda, and its fiscal year ends on December 31. The company trades under the symbol NBR.
Details of the Filing
According to the filing (accession number 0001163739-26-000063), Rodriguez Miguel Angel surrendered 475 shares to satisfy tax withholding obligations related to the vesting of 1,602 shares of restricted stock on the same date. Following this transaction, the CFO retains ownership of 44,364 shares.
Impact on Stakeholders
This transaction may affect Nabors Industries' shareholders and executives, as it reflects the ongoing management of stock by key personnel. The nature of the transaction indicates a strategic approach to handling tax liabilities associated with stock vesting.
What's Next?
The filing does not say what happens next.
Transaction Details
The transaction involved the surrender of 475 shares of common stock at a price of $78.12 per share. This transaction was executed under Form 4, which is used to report the acquisition or disposition of equity securities by insiders. The shares were surrendered to meet tax withholding obligations stemming from the vesting of 1,602 shares of restricted stock on the same date.
Ownership Structure
Following the transaction, Rodriguez Miguel Angel retains direct ownership of 44,364 shares of Nabors Industries Ltd. This reflects a strategic decision to manage his holdings while fulfilling tax responsibilities associated with stock vesting.
Signature and Filing Information
The filing was signed on behalf of Rodriguez Miguel Angel by Mark D. Andrews, who acted through a power of attorney. The filing was submitted to the SEC on October 2, 2026, with the transaction date noted as October 1, 2026.
Additional Context
The filing does not provide any insights into future transactions or plans regarding the executive's stock holdings or Nabors Industries' strategic direction.