ServiceNow CEO vests 4,160 RSUs, 2,236 for taxes
ServiceNow, Inc. (NOW) reported equity compensation activity for Chairman & CEO William R. McDermott.
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Rhea-AI Filing Summary
ServiceNow, Inc. (NOW) reported equity compensation activity for Chairman & CEO William R. McDermott. On August 17, 2026, 4,160 Restricted Stock Units converted into 4,160 shares of common stock, reflecting scheduled vesting where each RSU represents one share. Of these, 2,236 shares were relinquished at $117.70 per share to satisfy federal and state tax withholding obligations in accordance with Rule 16b-3, and the remaining shares increased his direct holdings. After this event, McDermott held 8,320 shares of common stock directly and 24,405 shares indirectly through a trust, indicating a combination of direct and trust-based ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3 | 4,160 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,160 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 2,236 | $117.70 | $263K |
| holding | Common Stock | -- | -- | -- |
Footnotes (3)
- 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.
Key Figures
Key Terms
Restricted Stock Units financial
Rule 16b-3 regulatory
indirect financial
by Trust financial
FAQ
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What equity transactions did ServiceNow (NOW) CEO William R. McDermott report on August 17, 2026?
How many RSUs did William R. McDermott convert into ServiceNow (NOW) common stock?
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