ServiceNow (NOW) board member receives 2,747 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Yuan Eric S. reported acquisition or exercise transactions in this Form 4 filing.
ServiceNow, Inc. director Eric S. Yuan reported receiving an award of 2,747 restricted stock units (RSUs) of common stock. The grant was made at no cash cost and is a form of equity compensation, not an open-market purchase.
All 2,747 RSUs vest on the earlier of May 21, 2027 or ServiceNow’s 2027 annual stockholder meeting. Each RSU will settle into one share of common stock for no consideration, and following this award Yuan holds 2,747 shares directly reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Yuan Eric S.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,747 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 2,747 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 2,747 units
Price per share: $0.0000
Shares following transaction: 2,747 shares
+1 more
4 metrics
RSUs granted
2,747 units
Award of restricted stock units to director
Price per share
$0.0000
RSU grant issued for no cash consideration
Shares following transaction
2,747 shares
Direct ownership after RSU award
Vesting date
May 21, 2027
RSUs vest on earlier of this date or 2027 annual meeting
Key Terms
restricted stock units ("RSUs"), vest, contingent right
3 terms
restricted stock units ("RSUs") financial
"Represents an award of restricted stock units ("RSUs"). 100% of the RSUs vest..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
vest financial
"100% of the RSUs vest on the earlier of May 21, 2027 and the date..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's common stock..."
FAQ
What insider transaction did ServiceNow (NOW) report for Eric S. Yuan?
ServiceNow reported that director Eric S. Yuan received 2,747 restricted stock units as an equity award. These RSUs are not an open-market purchase and were granted at no cash cost, representing stock-based compensation rather than a traditional buy or sell transaction.
When do Eric S. Yuan’s ServiceNow (NOW) RSUs vest according to the filing?
All 2,747 RSUs vest 100% on the earlier of May 21, 2027 and ServiceNow’s next annual stockholder meeting in 2027. Vesting must occur before any shares are delivered, aligning the award with Yuan’s continued board service through that timeframe.
What are restricted stock units (RSUs) in the context of ServiceNow (NOW)?
In this filing, RSUs are described as a contingent right to receive one share of ServiceNow common stock upon settlement for no consideration. They vest on a specified schedule, aligning director compensation with shareholder interests over time rather than through immediate cash or stock payments.