ServiceNow (NYSE: NOW) officer nets shares after RSU vesting and tax withholding
Rhea-AI Filing Summary
ServiceNow, Inc. Principal Accounting Officer Danielle Fontaine reported routine equity compensation activity involving restricted stock units (RSUs). She acquired 305 shares of common stock through the conversion of RSUs and had 106 shares withheld at a price of $93.59 per share to cover federal and state tax obligations. After these transactions, she directly owned 8,781 shares of common stock and held 2,135 RSUs, each representing a right to receive one share of common stock. The RSUs vest in 16 equal quarterly installments, with the first vesting on May 7, 2024, subject to her continued service.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting with tax withholding; no open-market trading signal.
The filing shows Danielle Fontaine, Principal Accounting Officer of ServiceNow, Inc., converting 305 restricted stock units into common shares and settling related taxes via 106 shares withheld at $93.59 per share. This matches standard RSU mechanics.
The code F transaction reflects tax-withholding disposition, not an open-market sale, while the M code records RSU conversion. Following the activity, she holds 8,781 common shares and 2,135 RSUs, indicating she retains a meaningful equity stake.
The RSUs vest in 16 equal quarterly installments starting on May 7, 2024, contingent on continued service. This creates a predictable, time-based equity compensation pattern; subsequent filings may reflect future quarterly vesting and related tax-withholding events.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 305 | $0.00 | -- |
| Exercise | Common Stock | 305 | $0.00 | -- |
| Tax Withholding | Common Stock | 106 | $93.59 | $10K |
Footnotes (1)
- Represents shares relinquished by the Reporting Person in exchange for the Issuer's payment of federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs, in accordance with Rule 16b-3. 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.