Restricted stock grant boosts ServiceNow (NYSE: NOW) director stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quinlan Larry reported acquisition or exercise transactions in this Form 4 filing.
ServiceNow director Larry Quinlan received an equity grant in the form of restricted stock units. He was awarded 3,260 RSUs of ServiceNow common stock on May 21, 2026, with no cash paid per unit. All RSUs vest on the earlier of May 21, 2027 and the company’s next annual stockholder meeting in 2027. Each RSU will settle into one share of common stock upon vesting and settlement. After this grant, Quinlan directly holds 11,465 shares of ServiceNow common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Quinlan Larry
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,260 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 11,465 shares (Direct, null)
Footnotes (1)
- Represents an award of restricted stock units ("RSUs"). 100% of the RSUs vest on the earlier of May 21, 2027 and the date of the Issuer's next annual stockholder meeting in 2027. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration. 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.
Key Figures
RSU grant size: 3,260 RSUs
Grant price per unit: $0.0000 per share
Post-grant holdings: 11,465 shares
+2 more
5 metrics
RSU grant size
3,260 RSUs
Award to director Larry Quinlan on May 21, 2026
Grant price per unit
$0.0000 per share
Restricted stock units granted at no cash cost
Post-grant holdings
11,465 shares
Common stock directly held after RSU grant
Vesting date
May 21, 2027
100% of RSUs vest on earlier of this date or 2027 annual meeting
Stock split ratio
5-for-1 split
Effective December 17, 2025 for ServiceNow common stock
Key Terms
restricted stock units, RSUs, 5-for-1 stock split, contingent right
4 terms
restricted stock units financial
"Represents an award of restricted stock units ("RSUs")."
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.
RSUs financial
"Each RSU represents a contingent right to receive one share"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
5-for-1 stock split financial
"On December 17, 2025, the Issuer effected a 5-for-1 stock split"
contingent right financial
"Each RSU represents a contingent right to receive one share"
FAQ
What insider transaction did ServiceNow (NOW) report for Larry Quinlan?
ServiceNow reported that director Larry Quinlan received a grant of 3,260 restricted stock units. The award was made on May 21, 2026 and represents compensation, not an open-market share purchase or sale, with each unit converting into one share upon settlement.
When do Larry Quinlan’s new ServiceNow (NOW) RSUs vest?
Quinlan’s 3,260 restricted stock units vest 100% on the earlier of May 21, 2027 and ServiceNow’s next annual stockholder meeting in 2027. Once vested, each RSU will deliver one share of ServiceNow common stock at settlement without additional consideration.
What type of award did ServiceNow (NOW) grant to Larry Quinlan?
ServiceNow granted Larry Quinlan an award of restricted stock units, or RSUs. Each RSU represents a contingent right to receive one share of ServiceNow common stock upon vesting and settlement, with no purchase price required from the director for these shares.