The estimated Net Worth of Greg L Armstrong is at least $3.25 million dollars as of 29 August 2022. Mr. Armstrong owns over 10,381 units of NOV Inc stock worth over $1,313,657 and over the last 21 years he sold NOV stock worth over $1,629,805. In addition, he makes $304,996 as Lead Independent Director at NOV Inc.
Greg has made over 31 trades of the NOV Inc stock since 2003, according to the Form 4 filled with the SEC. Most recently he sold 10,381 units of NOV stock worth $197,135 on 29 August 2022.
The largest trade he's ever made was exercising 1,150,000 units of NOV Inc stock on 21 September 2018 worth over $18,262,000. On average, Greg trades about 45,453 units every 83 days since 2003. As of 29 August 2022 he still owns at least 82,724 units of NOV Inc stock.
You can see the complete history of Mr. Armstrong stock trades at the bottom of the page.
Greg L. Armstrong CPA serves as Lead Independent Director of the Company. Mr. Armstrong served as a Director of Varco from May 20, 2004 until its merger with the Company on March 11, 2005. In October 2018, Mr. Armstrong retired from his position as Chief Executive Officer of Plains All American GP LLC, the general partner and controlling entity of Plains All American Pipeline, L.P., a publicly traded master limited partnership engaged in the business of marketing, gathering, transporting, terminalling and storing crude oil. Mr. Armstrong had been serving as the Chairman of the Board and Chief Executive Officer of Plains All American GP LLC since 1998 and served as the Non-Executive Chairman of the Board of Directors of Plains All American GP LLC through 2019 until his retirement. He was appointed to continue to serve as a director in 2020. From 2010 to 2013, he served as Chairman of the Board and Chief Executive Officer of PAA Natural Gas Storage, L.P., a publicly traded master limited partnership engaged in the natural gas storage business, the outstanding minority interest of which was acquired by Plains All American in 2013. Mr. Armstrong is the Immediate Past Chairman of the National Petroleum Council and is a director and Chairman of the Federal Reserve Bank of Dallas and previously served as a director and Chairman of the Federal Reserve Bank of Dallas, Houston Branch.
As the Lead Independent Director of NOV Inc, the total compensation of Greg Armstrong at NOV Inc is $304,996. There are 6 executives at NOV Inc getting paid more, with Clay Williams having the highest compensation of $12,826,400.
Greg Armstrong is 61, he's been the Lead Independent Director of NOV Inc since 2005. There are 8 older and 7 younger executives at NOV Inc. The oldest executive at NOV Inc is David Harrison, 72, who is the Independent Director.
Greg's mailing address filed with the SEC is Millenium tower, 10353, Richmond Avenue, Houston, Harris County, Texas, 77042, United States.
Over the last 20 years, insiders at NOV Inc have traded over $37,097,076 worth of NOV Inc stock and bought 62,885 units worth $1,674,156 . The most active insiders traders include Jeremy D Thigpen, Greg L Armstrong et Merrill A Jr Miller. On average, NOV Inc executives and independent directors trade stock every 49 days with the average trade being worth of $546,463. The most recent stock trade was executed by Christy Lynn Novak on 22 February 2024, trading 3,500 units of NOV stock currently worth $61,005.
national oilwell varco (nyse: nov) is a worldwide leader in the design, manufacture and sale of equipment and components used in oil and gas drilling and production operations, and the provision of oilfield services to the oil and gas industry. every day, thousands of the industry’s best minds put more than 150 years of experience to work to help our customers achieve lasting success. our partnership with our customers has led to the innovation of some of the highest quality products on the market. through our broad capabilities and vision, nov’s family of companies is positioned and ready to serve the needs of this challenging, evolving industry. nov has the technical expertise, advanced equipment and readily available support necessary for our customers’ success.
NOV Inc executives and other stock owners filed with the SEC include: