ServiceNow CEO McDermott exercises RSUs, covers taxes
ServiceNow Chairman and CEO William R. McDermott reported multiple equity compensation transactions on February 6, 2026.
Rhea-AI Filing Summary
ServiceNow Chairman and CEO William R. McDermott reported multiple equity compensation transactions on February 6, 2026. He converted 40,014 restricted stock units and another 8,770 units into common stock at an exercise price of $0.
To cover federal and state tax withholding from these RSU vestings, 18,390 and 4,349 common shares were relinquished at $100.74 per share, leaving 69,370 common shares held directly. He also has 24,405 common shares held indirectly by a trust. The reported figures reflect a 5-for-1 stock split completed on December 17, 2025.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 40,014 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 8,770 | $0.00 | $0.00 |
| Exercise | Common Stock | 40,014 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 18,390 | $100.74 | $1.85M |
| Exercise | Common Stock | 8,770 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 4,349 | $100.74 | $438K |
| holding | Common Stock | -- | -- | -- |
Footnotes (7)
- 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. On December 17, 2025, the Issuer effected a 5-for-1 stock split of its common stock (the "Stock Split"), which resulted in the reporting person receiving four additional shares for each share of common stock of the Issuer held as of such date.
- F3. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F4. 100% of the shares subject to the restricted stock units vested on February 7, 2026.
- F5. 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 15, 2024. Represents the first of two tranches; remaining tranches subject to Compensation Committee certification of future performance.
- F6. 3.33% of the shares subject to the restricted stock units vested on each of May 7, 2024, and August 7, 2024, 3.34% of the shares subject to the restricted stock units vested on November 7, 2024, and the remaining 90% of the shares subject to the restricted stock units began vesting quarterly on February 7, 2025, and subject to the reporting person's continued service to the Issuer on each vesting date.
- F7. The number of securities reported on this Form 4 have been adjusted to reflect the Stock Split.
FAQ
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What insider transactions did ServiceNow (NOW) report for CEO William McDermott?
Were William McDermott’s ServiceNow (NOW) transactions open-market sales?
What restricted stock unit activity did ServiceNow (NOW) disclose for its CEO?
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