ServiceNow (NOW) accounting chief reports initial RSU and stock holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
ServiceNow, Inc. executive Danielle Fontaine, the Principal Accounting Officer, filed an initial ownership report detailing her equity holdings in the company. She reports direct ownership of restricted stock units, each representing a contingent right to receive one share of ServiceNow common stock, and additional shares of common stock. The footnotes explain that multiple restricted stock unit awards vest in 16 equal quarterly installments, beginning on May 17, 2023, May 7, 2024, and May 15, 2025, as long as she continues serving the company on each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Fontaine Danielle
Role
Principal Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,430 shares (Direct);
Common Stock — 8,296 shares (Direct)
Footnotes (1)
- The restricted stock units vest in 16 equal quarterly installments, with the first vesting having occurred on May 17, 2023, and subject to the reporting person's continued service to the Issuer on each vesting date. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. The restricted stock units vest in 16 equal quarterly installments, with the first vesting having occurred on May 7, 2024, and subject to the reporting person's continued service to the Issuer on each vesting date. The restricted stock units vest in 16 equal quarterly installments, with the first vesting having occurred on May 15, 2025, and subject to the reporting person's continued service to the Issuer on each vesting date.
FAQ
What does the ServiceNow (NOW) Form 3 filing by Danielle Fontaine show?
The Form 3 shows that Principal Accounting Officer Danielle Fontaine holds restricted stock units and common stock in ServiceNow, Inc.. It is an initial ownership report and does not indicate any recent stock purchases or sales.
How do Fontaine’s restricted stock units in ServiceNow (NOW) vest?
Fontaine’s restricted stock units vest in 16 equal quarterly installments, according to the filing. Separate awards began vesting on May 17, 2023, May 7, 2024, and May 15, 2025, contingent on her continued service with ServiceNow at each vesting date.
What does each restricted stock unit represent in the ServiceNow (NOW) Form 3?
Each restricted stock unit represents a contingent right to receive one share of ServiceNow’s common stock. This means Fontaine will receive one share of common stock for each unit as it vests under the terms described in the filing.
Is Danielle Fontaine’s ownership in ServiceNow (NOW) direct or indirect?
The filing classifies all reported holdings as direct ownership by Danielle Fontaine. There are no footnotes indicating that the shares are held through a separate entity, trust, or other indirect ownership structure.
Does the ServiceNow (NOW) Form 3 indicate any insider buying or selling by Danielle Fontaine?
The Form 3 does not show any explicit buying or selling transactions. It primarily reports Fontaine’s existing holdings of restricted stock units and common stock, with transaction directions marked as unknown and no buy or sell codes disclosed.
What role does Danielle Fontaine hold at ServiceNow (NOW) according to the Form 3?
According to the filing, Danielle Fontaine serves as Principal Accounting Officer of ServiceNow, Inc. Her role is disclosed alongside her equity holdings, providing context for her status as a reporting person under SEC insider ownership rules.