26,512 ServiceNow (NOW) RSUs granted to Pres. & CLO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nowbar Hossein reported acquisition or exercise transactions in this Form 4 filing.
ServiceNow, Inc. granted 26,512 restricted stock units (RSUs) to its President & Chief Legal Officer, Hossein Nowbar. Each RSU represents the right to receive one share of ServiceNow common stock.
The RSUs vest in 12 equal quarterly installments, with the first vesting on May 15, 2026, and each installment requires Mr. Nowbar’s continued service on the applicable vesting date.
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 |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 26,512 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 26,512 shares (Direct)
Footnotes (1)
- 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.
FAQ
What did ServiceNow (NOW) report in this Form 4 for Hossein Nowbar?
ServiceNow reported a grant of 26,512 restricted stock units to Hossein Nowbar. These RSUs are a form of equity compensation that can convert into the same number of ServiceNow common shares if the vesting conditions tied to continued service are satisfied.
How many ServiceNow (NOW) RSUs were granted to the President & Chief Legal Officer?
Hossein Nowbar received 26,512 restricted stock units from ServiceNow. Each unit represents a contingent right to one share of ServiceNow common stock, aligning his compensation with shareholder interests through equity that vests over time rather than immediate cash compensation.
How do the 26,512 ServiceNow (NOW) RSUs vest for Hossein Nowbar?
The 26,512 RSUs vest in 12 equal quarterly installments for Hossein Nowbar. The first vesting date is May 15, 2026, and each subsequent quarterly vesting requires his continued service with ServiceNow on the relevant vesting date to receive the underlying shares.
What does each restricted stock unit represent in the ServiceNow (NOW) grant?
Each restricted stock unit in this ServiceNow grant represents a contingent right to receive one share of common stock. The units convert into actual shares only as they vest over time, subject to Hossein Nowbar’s continued employment or service with the company.
Is this ServiceNow (NOW) Form 4 transaction a purchase or a grant?
This Form 4 reflects a grant or award acquisition of restricted stock units, not an open-market purchase. The transaction code is “A,” indicating an award of 26,512 RSUs provided as part of Hossein Nowbar’s compensation rather than a cash share purchase.