ServiceNow (NOW) chief legal officer logs RSU vesting and tax share disposition
Rhea-AI Filing Summary
ServiceNow, Inc. executive Hossein Nowbar reported equity compensation activity involving restricted stock units and common shares. On February 13, 2026, 2,856 restricted stock units were converted into 2,856 shares of common stock at no cost to him, increasing his directly held common shares.
On the same date, 696 common shares were relinquished at a price of 107.08 per share to cover federal and state tax withholding obligations related to the RSU vesting, a non-open-market tax-withholding disposition. The RSU award vests in 12 equal quarterly installments beginning February 13, 2026, subject to his continued service at ServiceNow.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting with tax withholding, no directional signal.
Hossein Nowbar’s Form 4 shows 2,856 restricted stock units converting into an equal number of ServiceNow common shares at no cost, a standard equity compensation event. This increases his directly held common stock and reflects ongoing vesting of a previously granted award.
To satisfy related tax obligations, 696 shares were surrendered at 107.08 per share under a tax-withholding arrangement, coded as a disposition but not an open-market sale. The RSUs vest quarterly in 12 installments starting on February 13, 2026, contingent on continued service, making this a routine, neutral transaction from an investment thesis standpoint.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,856 | $0.00 | -- |
| Exercise | Common Stock | 2,856 | $0.00 | -- |
| Tax Withholding | Common Stock | 696 | $107.08 | $75K |
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 as to 1/12th of the total shares quarterly, with the first vesting having occurred on February 13, 2026, and subject to the Reporting Person's continued service to the Issuer on each vesting date.