ServiceNow (NYSE: NOW) legal chief reports 34,283 restricted stock units
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
ServiceNow Pres. & Chief Legal Officer Hossein Nowbar filed an initial ownership report showing he beneficially owns 34,283 restricted stock units, held directly. These RSUs vest in equal quarterly installments of 1/12 each, starting on February 13, 2026, contingent on his continued service. Each unit converts into one share of ServiceNow common stock upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Nowbar Hossein
Role
Pres. & Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 34,283 shares (Direct)
Footnotes (1)
- The restricted stock units vest as to 1/12th of the total shares quarterly, with the first vesting to occur on February 13, 2026, 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.
FAQ
What insider position does Hossein Nowbar hold at ServiceNow (NOW)?
Hossein Nowbar is disclosed as an officer of ServiceNow, serving as Pres. & Chief Legal Officer. This role combines senior legal responsibilities with broader executive leadership, making his equity holdings and incentives meaningful for understanding management’s alignment with shareholders.
How many restricted stock units does Hossein Nowbar report holding in ServiceNow (NOW)?
Hossein Nowbar reports beneficial ownership of 34,283 restricted stock units in ServiceNow. These units are derivative securities that can settle in common stock, reflecting a significant equity-based component of his compensation and aligning his interests with long-term company performance.
What is the vesting schedule for Hossein Nowbar’s ServiceNow restricted stock units?
The restricted stock units vest as to 1/12 of the total shares quarterly. The first vesting date is February 13, 2026, and each vesting installment requires Mr. Nowbar’s continued service with ServiceNow on the applicable vesting date to receive the underlying shares.
What does each ServiceNow restricted stock unit held by Hossein Nowbar represent?
Each restricted stock unit represents a contingent right to receive one share of ServiceNow common stock. This means that as the units vest over time, they can convert into an equal number of common shares, subject to the continued service conditions outlined in the grant’s terms.
Is Hossein Nowbar’s ownership of ServiceNow restricted stock units direct or indirect?
The filing shows Hossein Nowbar’s 34,283 restricted stock units as directly owned. Direct ownership indicates the units are attributed personally to him rather than through a trust, family entity, or other indirect structure, clarifying who directly benefits from future vesting.
What event date triggered Hossein Nowbar’s ownership reporting for ServiceNow (NOW)?
The event requiring the ownership statement is dated February 10, 2026. That date anchors when the reported beneficial ownership information, including the 34,283 restricted stock units and their terms, became reportable under insider reporting obligations for ServiceNow’s officers.