ServiceNow officer nets shares from RSU vesting
ServiceNow principal accounting officer Danielle Fontaine reported routine equity compensation activity tied to restricted stock units (RSUs).
Rhea-AI Filing Summary
ServiceNow principal accounting officer Danielle Fontaine reported routine equity compensation activity tied to restricted stock units (RSUs). On May 15, 2026, RSUs vested and were converted into a total of 1,459 shares of common stock through derivative exercises. To cover federal and state tax withholding obligations on this vesting, Fontaine relinquished 506 shares back to ServiceNow at a price of $95.07 per share, as permitted under Rule 16b-3. These transactions reflect RSU vesting and related tax withholding, not open-market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,459 shares exercised/converted
Exercise
9 txns
Insider
Fontaine Danielle
Role
Principal Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 485 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 235 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 739 | $0.00 | $0.00 |
| Exercise | Common Stock | 485 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 168 | $95.07 | $16K |
| Exercise | Common Stock | 235 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 82 | $95.07 | $8K |
| Exercise | Common Stock | 739 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 256 | $95.07 | $24K |
Holdings After Transaction:
Restricted Stock Units — 15,147 contracts (Direct);
Common Stock — 9,734 shares (Direct)
Footnotes (5)
- 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 in 16 equal quarterly installments, 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.
- F4. The restricted stock units vest in 16 equal quarterly installments, 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.
- F5. The restricted stock units vest in 16 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
RSU derivative exercises: 1,459 shares
Tax-withholding shares: 506 shares
Tax-withholding price: $95.07 per share
+2 more
5 metrics
RSU derivative exercises
1,459 shares
Total common shares from RSU exercises on May 15, 2026
Tax-withholding shares
506 shares
Shares relinquished to cover tax obligations on May 15, 2026
Tax-withholding price
$95.07 per share
Value used for tax withholding dispositions coded F
Number of derivative exercises
3 transactions
M-code exercises converting RSUs into common stock
Tax-withholding transactions
3 transactions
F-code dispositions for payment of tax liabilities
Key Terms
Restricted Stock Units, Rule 16b-3, tax withholding obligations, contingent right, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
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.
Rule 16b-3 regulatory
"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.
tax withholding obligations financial
"payment of federal and state tax withholding obligations"
contingent right financial
"represents a contingent right to receive one share"
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did ServiceNow (NOW) report for Danielle Fontaine?
ServiceNow reported that principal accounting officer Danielle Fontaine had restricted stock units vest into 1,459 shares of common stock, and 506 shares were relinquished to cover tax withholding at $95.07 per share, all on May 15, 2026.
Were Danielle Fontaine’s ServiceNow (NOW) transactions open-market buys or sells?
The filing shows no open-market buys or sells. The transactions are RSU vesting and related tax withholding: derivative exercises converting RSUs into 1,459 shares, and 506 shares surrendered at $95.07 solely to satisfy tax obligations.
What does the Form 4 reveal about Danielle Fontaine’s RSU vesting at ServiceNow (NOW)?
The Form 4 shows RSU awards that vest in 16 equal quarterly installments, with specific grants beginning vesting on May 17, 2023, May 15, 2025, and May 15, 2026. On May 15, 2026, vesting triggered 1,459 shares of common stock.
How many derivative exercises did ServiceNow (NOW) report for Danielle Fontaine?
The transaction summary reports 3 derivative exercises converting restricted stock units into a total of 1,459 shares of common stock. These routine equity compensation events are paired with 3 tax-withholding dispositions totaling 506 shares, according to the Form 4 data.
AI-generated analysis. How Rhea-AI works. Not financial advice.
