ServiceNow (NYSE: NOW) exec awarded 4,733 performance-based RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceNow, Inc. executive Paul Fipps reported an acquisition of 4,733 restricted stock units on February 9, 2026. Each unit represents the right to receive one share of common stock. After this grant, he directly holds 9,468 derivative securities in the form of restricted stock units.
The additional 4,733 units are scheduled to vest on February 17, 2026. They relate to performance-based RSUs originally granted on February 15, 2023 and are tied to ServiceNow’s total shareholder return versus the S&P 500 over the three years ended December 31, 2025, as determined by the Compensation Committee.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fipps Paul
Role
President, Global Customer Ops
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 4,733 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 9,468 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. Additional shares scheduled to vest on February 17, 2026, pursuant to the terms of the performance-based restricted stock units ("RSUs") granted February 15, 2023, based on the Issuer's total shareholder return relative to the S&P 500 for the three years ended December 31, 2025, as determined by the Compensation Committee on February 9, 2026.
FAQ
What insider transaction did ServiceNow (NOW) report for Paul Fipps?
ServiceNow reported that executive Paul Fipps acquired 4,733 restricted stock units. The acquisition occurred on February 9, 2026 as a grant, not an open-market purchase, and increased his directly held restricted stock units to 9,468 after the reported transaction.
What do the 4,733 restricted stock units for ServiceNow (NOW) represent?
Each of the 4,733 restricted stock units represents a right to receive one ServiceNow common share. These units are derivative securities that convert into common stock upon vesting, subject to the underlying performance and time-based conditions described in the award terms.
When will the newly reported ServiceNow (NOW) RSUs for Paul Fipps vest?
The additional 4,733 ServiceNow restricted stock units are scheduled to vest on February 17, 2026. This vesting date follows the Compensation Committee’s February 9, 2026 determination based on total shareholder return performance over the three-year period ended December 31, 2025.
Are the ServiceNow (NOW) RSUs granted to Paul Fipps performance-based?
Yes, the reported restricted stock units are performance-based RSUs. They were granted on February 15, 2023 and depend on ServiceNow’s total shareholder return relative to the S&P 500 over three years ending December 31, 2025, as evaluated by the Compensation Committee.
How many ServiceNow (NOW) RSUs does Paul Fipps hold after this transaction?
After the reported grant, Paul Fipps beneficially owns 9,468 restricted stock units. This figure reflects his directly held derivative securities in the form of RSUs, as disclosed in the filing’s post-transaction holdings column for derivative securities.
Was there a purchase price for the ServiceNow (NOW) RSUs granted to Paul Fipps?
The filing lists a price of $0.00 per restricted stock unit for this grant. This indicates the RSUs were awarded as part of compensation rather than bought in the open market, consistent with a typical equity incentive grant structure.