ServiceNow's Paul Fipps converts awards into shares
The reported stock conversion was accompanied by federal and state tax withholding through relinquished shares.
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Rhea-AI Filing Summary
ServiceNow, Inc. reported that Paul Fipps, President, Global Customer Ops, converted 320 restricted stock units into 320 common shares and 70 restricted stock units into 70 common shares on November 6, 2026. He relinquished 128 and 28 common shares, respectively, for federal and state tax withholding obligations at $101.97 per share. The RSUs vest quarterly in 1/16 increments, subject to continued service on each vesting date.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3 | 320 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F2, F4 | 70 | $0.00 | $0.00 |
| Exercise | Common Stock | 320 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 128 | $101.97 | $13K |
| Exercise | Common Stock | 70 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 28 | $101.97 | $3K |
Footnotes (4)
- 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 restricted stock units (RSUs), in accordance with Rule 16b-3.
- F2. Each RSU represents a contingent right to receive one share of Issuer's common stock.
- F3. The RSUs vest as to 1/16th of the total shares quarterly, with the first vesting having occurred on May 7, 2024, and subject to the Reporting Person's continued service to the Issuer on each vesting date.
- F4. The RSUs vest as to 1/16th of the total shares quarterly, with the first vesting having occurred on November 7, 2024, and subject to the Reporting Person's continued service to the Issuer on each vesting date.
Key Figures
Key Terms
Restricted Stock Units financial
Rule 16b-3 regulatory
contingent right financial
FAQ
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When did Paul Fipps's ServiceNow RSUs begin vesting?
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