ServiceNow (NOW) awards 19,575 stock options to HR chief
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceNow, Inc. reported that Chief People & AI Enablement Officer Jacqueline P. Canney received an employee stock option grant covering 19,575 shares of common stock at an exercise price of $655.94 per share. The award is part of a previously disclosed Performance Stock Option with eight tranches.
On April 29, 2026, the Compensation Committee certified achievement of the subscription revenue metric for Tranche Six, but the related options have not yet vested. They may vest only if the applicable stock price metric is later certified and Canney remains an employee on that vesting date. As of that date, 78,300 options were fully vested and exercisable, and total options following this grant were 117,450.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Canney Jacqueline P
Role
Chief People & AI Enblmt. Off.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) | 19,575 | $655.94 | $12.84M |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 117,450 shares (Direct, null)
Footnotes (1)
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Key Figures
Options granted: 19,575 options
Exercise price: $655.94 per share
Underlying shares: 19,575 shares
+4 more
7 metrics
Options granted
19,575 options
Employee Stock Option grant for Tranche Six
Exercise price
$655.94 per share
Exercise price of newly granted options
Underlying shares
19,575 shares
Common stock underlying the new options
Total options after grant
117,450 options
Total options held following this transaction
Vested exercisable options
78,300 options
Fully vested and exercisable as of April 29, 2026
Option expiration
December 13, 2031
Expiration date of Performance Stock Option
Performance period end
September 30, 2026
End of PSO performance period
Key Terms
Performance Stock Option, tranches, subscription revenue metric, stock price metric, +2 more
6 terms
Performance Stock Option financial
"on December 13, 2021, a Performance Stock Option ("PSO") was granted"
tranches financial
"there are eight separate tranches to the PSO and any tranche may vest"
Tranches are portions or slices of a larger financing deal—such as a loan, bond issue, or equity round—that are released at different times or under different conditions. For investors they matter because each tranche can carry different risk, interest or payout terms and may be paid only if certain targets are met; think of funding as slices of a cake handed out as progress is made.
subscription revenue metric financial
"certified achievement of the subscription revenue metric for Tranche Six"
stock price metric financial
"only if achievement of the applicable stock price metric is certified"
vesting date financial
"the Reporting Person is an employee of the Issuer on such vesting date"
Compensation Committee financial
"On April 29, 2026, the Issuer's Compensation Committee certified achievement"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
FAQ
What insider transaction did ServiceNow (NOW) report for Jacqueline Canney?
ServiceNow reported a grant of 19,575 employee stock options to Chief People & AI Enablement Officer Jacqueline Canney. These options are part of a larger performance-based award and give the right to buy common shares at a fixed exercise price if vesting conditions are met.
What is the exercise price and size of Jacqueline Canney’s new ServiceNow options?
Jacqueline Canney received 19,575 stock options with an exercise price of $655.94 per share. Each option relates to one share of ServiceNow common stock, creating a performance-based opportunity rather than an immediate share purchase or sale in the market.
Are the newly granted ServiceNow options to Jacqueline Canney already vested?
The newly granted options for Tranche Six have not yet vested. They may vest only if the applicable stock price metric is certified in the future and Jacqueline Canney remains an employee on that vesting date, so vesting is still contingent on multiple conditions.
What performance conditions apply to ServiceNow’s Performance Stock Option granted to Jacqueline Canney?
The Performance Stock Option has eight tranches, each requiring subscription revenue and stock price performance metrics plus service requirements. For Tranche Six, the subscription revenue metric was certified on April 29, 2026, but vesting still requires meeting the stock price metric and continued employment.
How long does the performance period last for Jacqueline Canney’s ServiceNow Performance Stock Option?
The performance period for the Performance Stock Option granted to Jacqueline Canney runs through September 30, 2026. During this time, subscription revenue and stock price metrics, along with ongoing service, determine whether individual tranches, including Tranche Six, ultimately vest and become exercisable.
How many ServiceNow options are already vested and exercisable for Jacqueline Canney?
As of April 29, 2026, 78,300 of Jacqueline Canney’s Performance Stock Options were fully vested and remain exercisable. This figure reflects previously satisfied performance and service conditions, separate from the unvested Tranche Six options granted in the latest reported transaction.
What is Jacqueline Canney’s total option position after this ServiceNow grant?
Following the reported grant, Jacqueline Canney held 117,450 employee stock options in total. This includes both vested and unvested tranches of the Performance Stock Option, illustrating a substantial equity-based compensation position aligned with specified performance and service conditions.