ServiceNow (NOW) director receives 3,260 RSU equity award in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chamberlain Paul Edward reported acquisition or exercise transactions in this Form 4 filing.
ServiceNow, Inc. director Paul Edward Chamberlain reported receiving an equity award in the form of restricted stock units. He was granted 3,260 RSUs on May 21, 2026, each representing the right to receive one share of ServiceNow common stock for no cash consideration upon settlement.
All 3,260 RSUs vest 100% on the earlier of May 21, 2027 or the company’s next annual stockholder meeting in 2027. After this award, Chamberlain directly holds 48,190 shares of ServiceNow common stock, reflecting his updated equity stake as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chamberlain Paul Edward
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,260 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 48,190 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 3,260 units
Shares after transaction: 48,190 shares
Vesting date: May 21, 2027
+1 more
4 metrics
RSUs granted
3,260 units
Restricted stock units awarded on May 21, 2026
Shares after transaction
48,190 shares
Common stock directly owned after RSU grant
Vesting date
May 21, 2027
RSUs vest on this date or 2027 annual meeting, whichever is earlier
Consideration per RSU
0.0000 per share
Each RSU settles into one share for no cash consideration
Key Terms
restricted stock units, vest, annual stockholder meeting, 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.
vest financial
"100% of the RSUs vest on the earlier of May 21, 2027..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
annual stockholder meeting financial
"the date of the Issuer's next annual stockholder meeting in 2027."
An annual stockholder meeting is a yearly gathering where a company's owners (shareholders) receive updates on performance, vote on key issues like board members, executive pay and major corporate plans, and ask questions of management. Think of it as a company town hall where choices about oversight and direction are decided; outcomes can affect management accountability, corporate strategy and ultimately the value and risks of investors’ shares.
contingent right financial
"Each RSU represents a contingent right to receive one share..."
FAQ
What insider transaction did ServiceNow (NOW) report for Paul Edward Chamberlain?
ServiceNow director Paul Edward Chamberlain received a grant of 3,260 restricted stock units. These RSUs are a form of equity compensation, not an open-market purchase or sale, and increase his potential future ownership of ServiceNow common stock once they vest and settle.
When do Paul Edward Chamberlain’s newly granted ServiceNow RSUs vest?
The 3,260 ServiceNow RSUs vest 100% on the earlier of May 21, 2027 or the company’s next annual stockholder meeting in 2027. Vesting must occur before the RSUs settle into common shares deliverable to the director.
What does each ServiceNow RSU granted to Paul Edward Chamberlain represent?
Each RSU represents a contingent right to receive one share of ServiceNow common stock for no consideration upon settlement. This means Chamberlain does not pay cash to receive the shares once the restricted stock units vest and convert into stock.
Was the ServiceNow (NOW) insider transaction a market buy or sell?
No, the transaction was a compensation-related grant, not a market trade. The Form 4 shows an “A” code for an award of 3,260 restricted stock units, meaning the director acquired rights to shares without executing an open-market purchase or sale.