ServiceNow (NOW) exec has 2,582 shares withheld for tax
Rhea-AI Filing Summary
ServiceNow, Inc. (NOW) reported insider equity activity by Chief People & AI Enablement Officer Jacqueline P. Canney on August 14, 2026. Two tranches of Restricted Stock Units vested, converting into a total of 5,056 shares of common stock (1,490 and 3,566 shares). To cover federal and state tax withholding obligations, a total of 2,582 shares of common stock (761 and 1,821 shares) were withheld at $124.00 per share, in a transaction described as compliant with Rule 16b-3. The RSU awards vest in 12 quarterly installments, conditioned on Canney’s continued service to ServiceNow.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,474 shares
Net Buy
6 txns
Insider
Canney Jacqueline P
Role
Chief People & AI Enblmt. Off.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3 | 1,490 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F4 | 3,566 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,490 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 761 | $124.00 | $94K |
| Exercise | Common Stock | 3,566 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 1,821 | $124.00 | $226K |
Holdings After Transaction:
Restricted Stock Units — 44,610 shares (Direct);
Common Stock — 37,415 shares (Direct)
Footnotes (4)
- 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 1/12th 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.
- F4. The restricted stock units 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 converted (total): 5,056 shares
First RSU tranche converted: 1,490 shares
Second RSU tranche converted: 3,566 shares
+4 more
7 metrics
RSUs converted (total)
5,056 shares
Total Restricted Stock Units converted into common stock on August 14, 2026
First RSU tranche converted
1,490 shares
Restricted Stock Units converted into common stock on August 14, 2026
Second RSU tranche converted
3,566 shares
Restricted Stock Units converted into common stock on August 14, 2026
Shares withheld for taxes (total)
2,582 shares
Common shares relinquished to cover tax withholding obligations on August 14, 2026
Tax withholding price
$124.00 per share
Price applied to code F tax-withholding transactions on August 14, 2026
Tax-withheld transaction 1
761 shares
Common shares withheld for tax obligations in first code F transaction
Tax-withheld transaction 2
1,821 shares
Common shares withheld for tax obligations in second code F transaction
Key Terms
Restricted Stock Units, contingent right, tax withholding obligations, Rule 16b-3, +1 more
5 terms
Restricted Stock Units financial
"Two tranches of Restricted Stock Units vested, converting into common stock"
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
tax withholding obligations financial
"shares relinquished in exchange for payment of federal and state tax withholding obligations"
Rule 16b-3 regulatory
"relinquished by the Reporting Person 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.
quarterly installments financial
"The restricted stock units vest in 12 equal quarterly installments"
FAQ
What insider transactions did ServiceNow (NOW) report for Jacqueline P. Canney on August 14, 2026?
On August 14, 2026, Jacqueline P. Canney had 5,056 RSUs convert into common shares of ServiceNow. To satisfy tax withholding obligations, 2,582 shares of common stock were withheld, with the remainder retained as equity compensation.
How many ServiceNow (NOW) RSUs vested for Jacqueline P. Canney in this Form 4?
Two RSU tranches vested for Jacqueline P. Canney totaling 5,056 Restricted Stock Units. These comprised 1,490 units in one award and 3,566 units in another, each unit representing a contingent right to receive one share of ServiceNow common stock.
How do Jacqueline P. Canney’s ServiceNow (NOW) RSUs vest according to the Form 4 footnotes?
One RSU grant vests as to 1/12th of total shares quarterly with first vesting on May 15, 2025. Another vests in 12 equal quarterly installments starting on May 15, 2026, each subject to her continued service at ServiceNow.
What does a code F transaction mean in the ServiceNow (NOW) Form 4 for Jacqueline P. Canney?
The code F transactions reflect shares relinquished for tax withholding on vested RSUs. Specifically, 2,582 shares of ServiceNow common stock were delivered or withheld to satisfy Canney’s federal and state tax obligations under Rule 16b-3.
AI-generated analysis. How Rhea-AI works. Not financial advice.
