ServiceNow (NOW) General Counsel gets 9,470 performance-based RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceNow General Counsel receives performance-based stock award
ServiceNow, Inc. reported that its General Counsel, Russell S. Elmer, acquired 9,470 restricted stock units on February 3, 2026. Each unit represents one share of common stock and was granted at a price of $0 per unit.
The award relates to performance-based restricted stock units granted on February 15, 2024, for a performance period from January 1, 2024 through December 31, 2025. The Compensation Committee certified achievement of the performance criteria on February 3, 2026, triggering this first of two tranches. All 9,470 units are scheduled to vest on February 7, 2026, if Elmer continues serving the company through that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ELMER RUSSELL S
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 9,470 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 9,470 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. 100% of the shares subject to the restricted stock units will vest on February 7, 2026, subject to the reporting person's continued service to the Issuer on such vesting date. 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.
FAQ
What insider transaction did ServiceNow (NOW) disclose for February 2026?
ServiceNow disclosed that General Counsel Russell S. Elmer acquired 9,470 restricted stock units on February 3, 2026. These units were granted at $0 per unit and each represents one share of ServiceNow common stock, subject to vesting conditions based on continued service.
Who is the reporting person in the February 2026 ServiceNow (NOW) Form 4?
The reporting person is Russell S. Elmer, General Counsel of ServiceNow, Inc. He is an officer but not a director or 10% owner. The Form 4 reflects his acquisition of performance-based restricted stock units tied to previously established performance criteria.
How many restricted stock units did ServiceNow (NOW) grant to its General Counsel?
ServiceNow granted 9,470 restricted stock units to General Counsel Russell S. Elmer. Each unit represents a contingent right to receive one share of ServiceNow common stock, with vesting dependent on both performance certification and his continued service through the vesting date.
When do the new ServiceNow (NOW) restricted stock units vest?
All 9,470 restricted stock units are scheduled to vest on February 7, 2026. Vesting requires Russell S. Elmer to remain in service with ServiceNow through that date, following earlier certification that performance criteria for the 2024–2025 period were achieved.
What performance period is tied to the ServiceNow (NOW) Form 4 stock units?
The units are tied to a performance period from January 1, 2024 through December 31, 2025. The Compensation Committee certified achievement of the performance criteria on February 3, 2026, causing this first tranche of performance-based restricted stock units to be acquired.
Are the February 2026 ServiceNow (NOW) restricted stock units directly owned?
Yes. The Form 4 shows the 9,470 restricted stock units as directly owned by Russell S. Elmer. The ownership form is listed as direct, with no indication of indirect ownership through another entity or trust in the provided information.