ServiceNow (NYSE: NOW) HR chief nets shares after RSU vesting and tax withholding
Rhea-AI Filing Summary
ServiceNow, Inc. reported that Chief People & AI Enablement Officer Jacqueline P. Canney had restricted stock units vest into common stock and used shares to cover related taxes. On May 15, 2026, RSU vesting led to the issuance of 6,026 shares of common stock.
To pay federal and state tax withholding obligations from this vesting, 3,078 shares were relinquished back to the company at a price of $95.07 per share under Rule 16b-3. These F-code entries are tax-withholding dispositions, not open-market sales.
Following the transactions, Canney directly held 31,909 shares of ServiceNow common stock. Footnotes explain that the RSUs vest in scheduled quarterly installments, contingent on her continued service with the company.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 2,948 shares
Net Buy
9 txns
Insider
Canney Jacqueline P
Role
Chief People & AI Enblmt. Off.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 970 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,490 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,566 | $0.00 | $0.00 |
| Exercise | Common Stock | 970 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 496 | $95.07 | $47K |
| Exercise | Common Stock | 1,490 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 761 | $95.07 | $72K |
| Exercise | Common Stock | 3,566 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,821 | $95.07 | $173K |
Holdings After Transaction:
Restricted Stock Units — 52,581 shares (Direct);
Common Stock — 33,654 shares (Direct)
Footnotes (5)
- F1. 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.
- F2. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F3. The restricted stock units vest as to 1/16th of the total shares quarterly, 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.
- F4. The restricted stock units vest as to 1/12th of the total shares quarterly, with the first vesting having occurred on May 15, 2025, and subject to the Reporting Person's continued service to the Issuer on each vesting date.
- F5. The restricted stock units will vest in 12 equal quarterly installments, with the first vesting having occurred on May 15, 2026, and subject to the reporting person's continued service to the Issuer on each vesting date.
Key Figures
RSUs vested into common stock: 6,026 shares
Shares withheld for taxes: 3,078 shares at $95.07/share
Shares held after transactions: 31,909 shares
+3 more
6 metrics
RSUs vested into common stock
6,026 shares
Restricted stock units converted to ServiceNow common stock on May 15, 2026
Shares withheld for taxes
3,078 shares at $95.07/share
Relinquished to cover federal and state tax withholding obligations
Shares held after transactions
31,909 shares
Direct ownership of ServiceNow common stock following May 15, 2026 activity
First 1/16 RSU vesting date
May 17, 2023
1/16 of total RSU shares vest quarterly from this date
First 1/12 RSU vesting date
May 15, 2025
1/12 of total RSU shares vest quarterly from this date
New 12-installment RSU schedule
12 equal quarterly installments
Another RSU grant vests quarterly starting May 15, 2026
Key Terms
Restricted Stock Units, tax withholding obligations, Rule 16b-3, contingent right, +1 more
5 terms
Restricted Stock Units financial
"The restricted stock units vest as to 1/16th of the total shares quarterly"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"payment of federal and state tax withholding obligations of the Reporting Person"
Rule 16b-3 regulatory
"in accordance with Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
vesting financial
"The restricted stock units vest as to 1/12th of the total shares quarterly"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did ServiceNow (NOW) report for Jacqueline Canney?
ServiceNow reported RSU vesting and related tax withholding for Jacqueline Canney. On May 15, 2026, restricted stock units converted into common shares, and some shares were surrendered to cover federal and state tax obligations, a common compensation-related, non-market transaction pattern.
How do Jacqueline Canney’s ServiceNow (NOW) RSUs vest over time?
Her ServiceNow RSUs vest in scheduled quarterly installments. One grant vests 1/16 of total shares quarterly starting May 17, 2023, while others vest in 12 equal quarterly installments, all conditioned on her continued service with the company on each vesting date.