V
Velarion™Intelligence
Sign InFree TrialBook a Walkthrough

NOV Inc Executive Compensation (FY25)

NOV · Executive and director compensation, fiscal 2023 to 2025

The paid brief on NOV Inc

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Data as of September 7, 2026Latest filing (8-K): May 22, 2026
15 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
NOV Inc brief$1,500Get the executive brief
437 figures on this page: 426 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Jose Bayardo
Median of the other named officers
$2,987,381
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 20, 2026
Chief executive pay ratio
◇
To the median employee

More on NOV Inc

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Jose Bayardo: $4,344,724 → $6,166,538 (41.9% higher)
CEO pay ratio: 195:1 → 177:1 (9.2% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is NOV Inc's chief executive and what were they paid?
Jose Bayardo was paid $6,166,538 in total compensation as Chairman, President & Chief Executive Officer for fiscal 2025. Bayardo's total moved 41.9% higher from the $4,344,724 reported for fiscal 2024.
What was NOV Inc's say-on-pay result?
For fiscal 2025, the say-on-pay proposal drew 98.9% support at the meeting held May 20, 2026.
Which companies are in NOV Inc's peer group?
The disclosed peer group includes APA Corporation, Baker Hughes Company, ChampionX Corporation, Cummins Inc. and Generac Holdings Inc., among others.
What is NOV Inc's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 177:1, against median employee compensation of $71,814.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Clay Williams
Former Chairman & Chief Executive Officer
◇—◇◇◇◇◇◇
Jose Bayardo
Chairman, President & Chief Executive Officer
◇—◇◇◇—◇◇
Joseph Rovig
President – Energy Equipment
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Clay Williams
Former Chairman & Chief Executive Officer
◇—◇◇◇◇◇◇
Jose Bayardo
Chairman, President & Chief Executive Officer
◇—◇◇◇—◇◇
Joseph Rovig
President – Energy Equipment
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Clay Williams
Former Chairman & Chief Executive Officer
Departed during or after this year
◇—◇◇◇◇◇◇
Jose Bayardo
Chairman, President & Chief Executive Officer
◇—◇◇◇—◇◇
Joseph Rovig
President – Energy Equipment
◇—◇◇◇—◇◇
Craig Weinstock
Senior Vice President, Secretary, and General Counsel
◇—◇◇◇—◇◇
Rodney Reed
Senior Vice President & Chief Financial Officer
◇—◇◇◇—◇◇
Scott Livingston
President – Energy Products and Services
◇—◇◇◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Clay C. WilliamsOPTION◇——◇—◇◇
Clay C. WilliamsPSU◇◇◇—◇—◇
Clay C. WilliamsRSU◇——◇——◇
Craig L. WeinstockOPTION◇——◇—◇◇
Craig L. WeinstockPSU◇◇◇—◇—◇
Craig L. WeinstockRSU◇——◇——◇
Jose A. BayardoRSU◇——◇——◇
Jose A. BayardoPSU◇◇◇—◇—◇
Jose A. BayardoPSU◇◇◇—◇—◇
Jose A. BayardoOPTION◇——◇—◇◇
Jose A. BayardoRSU◇——◇——◇
Joseph W. RovigPSU◇◇◇—◇—◇
Joseph W. RovigOPTION◇——◇—◇◇
Joseph W. RovigRSU◇——◇——◇
Rodney C. ReedPSU◇◇◇—◇—◇
Rodney C. ReedRSU◇——◇——◇
Rodney C. ReedRSU◇——◇——◇
Rodney C. ReedOPTION◇——◇—◇◇
Scott B. LivingstonPSU◇◇◇—◇—◇
Scott B. LivingstonOPTION◇——◇—◇◇
Scott B. LivingstonRSU◇——◇——◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Joseph RovigOption◇—◇—
RSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
RSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Rodney ReedOption◇—◇—
RSU◇◇——
RSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
RSU◇◇——
Option◇—◇—
RSU◇◇——
Scott LivingstonOption◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
RSU◇◇——
Option◇—◇—
RSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
RSU◇◇——
RSU◇◇——
RSU◇◇——
Craig WeinstockRSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
RSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇—
RSU◇◇——
Option◇—◇—
Jose BayardoOption◇—◇—
RSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
RSU◇◇——
Option◇—◇—
RSU◇◇——
RSU◇◇——
Option◇—◇—
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇—
Option◇—◇—
Option◇—◇—
Clay WilliamsOption◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
Option◇—◇—
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇—
Option◇—◇—
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
William R. Thomas
Lead independent director
◇◇————◇
Marcela E. Donadio
◇◇———◇◇
Christian S. Kendall
◇◇———◇◇
David D. Harrison
◇◇———◇◇
Robert S. Welborn
◇◇————◇
Ben A. Guill
◇◇————◇
Patricia Martinez
◇◇————◇
Patricia B. Melcher
◇◇————◇
Greg L. Armstrong
◇◇————◇
Eric L. Mattson
◇◇———◇◇
Sanjay K. Chowbey and Jose A. Bayardo served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • APA Corporation APA
  • Baker Hughes Company BKR
  • ChampionX Corporation CHX
  • Cummins Inc. CMI
  • Generac Holdings Inc. GNRC
  • Halliburton Company HAL
  • Helmerich & Payne, Inc. HP
  • Hess Corporation HES
  • Illinois Tool Works Inc. ITW
  • Ingersoll Rand Inc. IR
  • Marathon Oil Corporation MRO
  • Oceaneering International, Inc. OII
  • Parker-Hannifin Corporation PH
  • Schlumberger Limited SLB
  • TechnipFMC plc FTI
  • TPI Composites, Inc. TPIC
  • Transocean Ltd. RIG
  • Weatherford International plc WFRD

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 20, 2026=◇◇◇
2024May 20, 2025=◇◇◇
2023May 15, 2024=◇◇◇
2022May 17, 2023=◇◇◇
2021May 24, 2022=◇◇◇
2020May 19, 2021=◇◇◇
2019May 20, 2020=◇◇◇
2018May 28, 2019=◇◇◇
2017May 11, 2018=◇◇◇
2016May 17, 2017=◇◇◇
2015May 18, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
Email me this page as a cited PDF
The same figures, the same citations, formatted to hand to a committee. Nothing is added that is not on this page.
Your address is used for this and nothing else. Unsubscribe in one click.
Tell me when NOV Inc files
You get a note when this company’s compensation data changes.
Your address is used for this and nothing else. Unsubscribe in one click.

What this page does not include

Everything above is a fact NOV Inc disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where NOV Inc sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about access
Multiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion Intelligence
Join the list for a Velarion Pro seat
Full platform access for one person: every industry we cover, peer positioning, and the written analysis. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.
Join the list for Peer Group Review
Whether NOV Inc's disclosed peer group is defensible, who names NOV Inc back in their own benchmarking group, and how pay tracks performance across it. This is the analysis a compensation consultant delivers on the group above. We will email you when it opens.
Your address is used for this and nothing else. Unsubscribe in one click.

Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
437 figures on this page: 426 cited to the filing that reported them, 11 calculated from figures it prints.
426 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001193125-26-236271
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-148884
    DIRECTOR COMPENSATION · Director Compensation · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year-End · and 1 more section
  3. 000119312526148884
    CEO Pay Ratio
  4. 0001193125-25-124691
    Item 5.07 Submission of Matters to a Vote of Security Holders
  5. 0001193125-25-076219
    Summary Compensation Table
  6. 0001193125-24-140685
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001193125-24-087221
    Summary Compensation Table
  8. 0001193125-23-148208
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001193125-22-159773
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001193125-21-167625
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001193125-20-148689
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001193125-19-159624
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001193125-18-160985
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001193125-17-173756
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0001193125-16-594617
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “NOV Inc executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/NOV (accessed 2026).
Short form: data: Velarion

The paid brief for NOV Inc

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
Get the executive briefGet the board briefNo account needed.
15 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about NOV Inc and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Setup guide and the full list of questions it answers

Peers NOV Inc discloses

The companies named in NOV's own disclosed peer group.

APA CorporationBaker Hughes CompanyCummins Inc.Generac Holdings Inc.Halliburton CompanyHelmerich & Payne, Inc.Hess CorporationIllinois Tool Works Inc.Ingersoll Rand Inc.Marathon Oil CorporationOceaneering International, Inc.Parker-Hannifin CorporationSchlumberger LimitedTechnipFMC plcWeatherford International plc

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  All companies · The Pay Desk · Methodology · Terms · Privacy