ServiceNow (NYSE: NOW) exec nets stock from RSU vesting
Rhea-AI Filing Summary
ServiceNow, Inc. executive Paul Fipps reported stock transactions tied to restricted stock unit (RSU) vesting and performance-based awards. On February 13, 2026, he acquired 5,799 and 6,821 shares of common stock upon exercise or conversion of RSUs at $0.00 per share.
Footnotes state each RSU represents one share of common stock and that 100% of the RSUs subject to one grant vested on February 15, 2026. Additional shares were acquired after the Compensation Committee certified performance for a January 1, 2024 through December 31, 2025 period under performance-based RSUs.
To cover federal and state tax withholding from these vestings, Fipps disposed of 1,844 and 2,724 shares of common stock at $107.08 per share through tax-withholding transactions, leaving him with 15,326.88 shares of directly owned ServiceNow common stock after the reported transactions.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,799 | $0.00 | -- |
| Exercise | Restricted Stock Units | 6,821 | $0.00 | -- |
| Exercise | Common Stock | 5,799 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,844 | $107.08 | $197K |
| Exercise | Common Stock | 6,821 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,724 | $107.08 | $292K |
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. 100% of the shares subject to the restricted stock units vested on February 15, 2026. Acquired upon Compensation Committee certification on February 3, 2026, of achievement of performance criteria for the January 1, 2024 through December 31, 2025 performance period under performance-based restricted stock units granted February 18, 2025. Represents the first of three tranches; remaining tranches subject to Compensation Committee certification of future performance. Acquired upon Compensation Committee certification on February 3, 2026, of achievement of performance criteria for the January 1, 2024 through December 31, 2025 performance period under performance-based restricted stock units granted May 15, 2025. Represents the first of three tranches; remaining tranches subject to Compensation Committee certification of future performance.