ServiceNow (NYSE: NOW) exec logs 42,797 RSU grant and tax share offsets
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceNow, Inc. executive Jacqueline P. Canney, Chief People & AI Enablement Officer, reported a large equity compensation update. She received a grant of 42,797 restricted stock units (RSUs), each representing a right to one share of common stock, vesting in 12 equal quarterly installments starting May 15, 2026, subject to continued service.
On the same date, previously granted RSUs were exercised into common stock, and a portion of the resulting shares was withheld to cover tax obligations. The filing shows 496 and 13,803 common shares relinquished at $105.91 per share for tax withholding under Rule 16b-3. After these transactions, Canney directly held 38,458 shares of ServiceNow common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
28,008 shares exercised/converted
Mixed
7 txns
Insider
Canney Jacqueline P
Role
Chief People & AI Enblmt. Off.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 42,797 | $0.00 | -- |
| Exercise | Restricted Stock Units | 970 | $0.00 | -- |
| Exercise | Restricted Stock Units | 27,038 | $0.00 | -- |
| Exercise | Common Stock | 970 | $0.00 | -- |
| Tax Withholding | Common Stock | 496 | $105.91 | $53K |
| Exercise | Common Stock | 27,038 | $0.00 | -- |
| Tax Withholding | Common Stock | 13,803 | $105.91 | $1.46M |
Holdings After Transaction:
Restricted Stock Units — 42,797 shares (Direct);
Common Stock — 25,719 shares (Direct)
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 will vest in 12 equal quarterly installments, with the first vesting occurring on May 15, 2026, 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 17, 2023, and subject to the reporting person's continued service to the Issuer on each vesting date. 30% of the shares subject to the restricted stock units vested on February 17, 2024, 15% of the shares subject to the restricted stock units vested on each of August 17, 2024 and February 17, 2025, 20% of the shares subject to the restricted stock units vested on August 17, 2025, and the final vest on February 17, 2026 of 20% of the shares subject to the restricted stock units was subject to adjustment based on the Issuer's 3-year relative total stockholder return performance against the S&P 500 index for the period from January 1, 2023 to December 31, 2025, subject to the reporting person's continued service to the Issuer on each vesting date. Acquired upon Compensation Committee certification on January 22, 2024, of achievement of performance criteria for the January 1, 2023 through December 31, 2023 performance period under performance-based restricted stock units granted February 15, 2023.
FAQ
What equity award did ServiceNow (NOW) executive Jacqueline Canney receive?
Jacqueline Canney received 42,797 restricted stock units (RSUs). Each RSU represents a contingent right to one share of ServiceNow common stock. The award is a significant component of her equity compensation and aligns her interests with long-term company performance.
How do Jacqueline Canney’s new ServiceNow (NOW) RSUs vest?
The 42,797 RSUs vest in 12 equal quarterly installments. The first vesting date is May 15, 2026, with remaining installments each quarter thereafter. All vesting is conditioned on Canney’s continued service to ServiceNow on each applicable vesting date.
What do ServiceNow (NOW) restricted stock units represent for Jacqueline Canney?
Each restricted stock unit represents a right to one ServiceNow share. RSUs convert into common stock as they vest over time. They are a form of stock-based compensation that depends on continued service and, for some awards, achievement of specified performance criteria.
Were any of Jacqueline Canney’s ServiceNow (NOW) transactions open-market buys or sells?
The reported dispositions were for tax withholding, not market sales. Transactions coded “F” indicate shares were delivered back to ServiceNow to satisfy tax liabilities from RSU vesting, rather than discretionary open-market selling activity.