ServiceNow (NOW) CEO awarded 40,014 performance-based RSUs after targets met
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceNow, Inc. reported that Chairman & CEO William R. McDermott received 40,014 restricted stock units on February 3, 2026. Each unit represents one share of common stock. The award was earned after the Compensation Committee certified performance for the January 1, 2024 through December 31, 2025 period.
All 40,014 restricted stock units are scheduled to vest on February 7, 2026, contingent on his continued service with ServiceNow through that date. The filing notes this represents the first of two tranches under a performance-based restricted stock unit grant originally awarded on February 15, 2024.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McDermott William R
Role
Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 40,014 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 40,014 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 equity award did ServiceNow (NOW) CEO William McDermott receive?
William R. McDermott received 40,014 restricted stock units on February 3, 2026. Each unit represents a contingent right to receive one share of ServiceNow common stock, earned after certification of performance for the January 1, 2024 through December 31, 2025 performance period.
When do William McDermott’s new ServiceNow (NOW) RSUs vest?
All 40,014 restricted stock units are scheduled to vest on February 7, 2026. Vesting is conditioned on McDermott’s continued service to ServiceNow through that date, meaning he must remain in his role until then for the award to fully vest.
Are William McDermott’s new ServiceNow (NOW) RSUs performance-based?
Yes. The 40,014 restricted stock units were acquired after the Compensation Committee certified achievement of performance criteria. Those criteria applied to the January 1, 2024 through December 31, 2025 performance period under a performance-based RSU grant made on February 15, 2024.
Is this ServiceNow (NOW) RSU grant to McDermott part of a larger award?
Yes. The filing states this RSU issuance represents the first of two tranches under a performance-based restricted stock unit grant dated February 15, 2024. Remaining tranches depend on future Compensation Committee certification of performance before additional units can be earned.
What role does William McDermott hold at ServiceNow (NOW) in this Form 4?
In this Form 4, William R. McDermott is identified as both a director and an officer of ServiceNow, serving as Chairman & CEO. The filing reflects equity compensation reported for him as a single reporting person under Section 16 requirements.
What does each ServiceNow (NOW) restricted stock unit reported for McDermott represent?
Each restricted stock unit reported represents a contingent right to receive one share of ServiceNow common stock. Actual receipt of shares occurs only upon vesting, which, for this tranche, is scheduled for February 7, 2026, subject to McDermott’s continued service.