ServiceNow (NYSE: NOW) awards 86,162 RSUs to President, CPO and COO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceNow, Inc. reported that President, CPO and COO Amit Zavery acquired 86,162 restricted stock units (RSUs) as an equity award. Each RSU represents a contingent right to receive one share of ServiceNow common stock. The RSUs will vest in 12 equal quarterly installments, with the first vesting scheduled for May 15, 2026, conditioned on his continued service with the company on each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zavery Amit
Role
President, CPO and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 86,162 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 86,162 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. The restricted stock units will vest in 12 equal quarterly installments, with the first vesting occurring on May 15, 2026, and subject to the reporting person's continued service to the Issuer on each vesting date.
FAQ
What insider transaction did ServiceNow (NOW) report for Amit Zavery?
ServiceNow reported that Amit Zavery received an equity award of 86,162 restricted stock units. This is an acquisition-type transaction, recorded at a price of $0.00 per unit, reflecting a grant rather than an open-market purchase or sale.
How many restricted stock units did Amit Zavery receive from ServiceNow (NOW)?
Amit Zavery received 86,162 restricted stock units from ServiceNow. Each unit represents a contingent right to receive one share of the company’s common stock, subject to meeting the vesting and continued service conditions described in the award.
What does each restricted stock unit represent in the ServiceNow (NOW) Form 4?
Each restricted stock unit represents a contingent right to receive one share of ServiceNow common stock. The units do not deliver shares immediately; shares are issued only as the RSUs vest according to the specified quarterly schedule and service conditions.
What is the vesting schedule for Amit Zavery’s ServiceNow (NOW) RSU award?
The RSU award vests in 12 equal quarterly installments. The first vesting date is May 15, 2026, and each subsequent quarterly vesting requires Amit Zavery to continue providing service to ServiceNow on the applicable vesting date.
How many ServiceNow (NOW) RSUs does Amit Zavery own after this grant?
Following this grant, Amit Zavery is reported as holding 86,162 restricted stock units directly. These units will convert into shares of ServiceNow common stock only as they vest over time, subject to his continued service with the company.