ServiceNow (NYSE: NOW) director granted 3,260 RSUs vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sands Anita M reported acquisition or exercise transactions in this Form 4 filing.
ServiceNow director Anita M. Sands reported a grant of 3,260 restricted stock units (RSUs) of common stock. This is a compensation-related award, not an open-market purchase, and carries a stated price of $0.00 per share.
According to the terms, 100% of the RSUs vest on the earlier of May 21, 2027 and the company’s next annual stockholder meeting in 2027. Each RSU represents a right to receive one ServiceNow common share for no cash consideration upon settlement. After this grant, Sands directly holds 33,350 shares of ServiceNow common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sands Anita M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,260 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 33,350 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 3,260 RSUs
Grant price per share: $0.00 per share
Vesting date: May 21, 2027
+2 more
5 metrics
RSU grant size
3,260 RSUs
Restricted stock unit award to director on May 21, 2026
Grant price per share
$0.00 per share
RSU award consideration
Vesting date
May 21, 2027
100% vesting or earlier 2027 annual meeting
Shares after transaction
33,350 shares
Total ServiceNow common stock directly held by Anita Sands
RSU-to-share ratio
1 RSU : 1 share
Each RSU converts into one share upon settlement
Key Terms
restricted stock units, RSUs, vest, annual stockholder meeting
4 terms
restricted stock units financial
"Represents an award of restricted stock units ("RSUs")."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"100% of the RSUs vest on the earlier of May 21, 2027..."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
vest financial
"100% of the RSUs vest on the earlier of May 21, 2027..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
annual stockholder meeting financial
"the earlier of May 21, 2027 and the date of the Issuer's next annual stockholder meeting in 2027."
An annual stockholder meeting is a yearly gathering where a company's owners (shareholders) receive updates on performance, vote on key issues like board members, executive pay and major corporate plans, and ask questions of management. Think of it as a company town hall where choices about oversight and direction are decided; outcomes can affect management accountability, corporate strategy and ultimately the value and risks of investors’ shares.
FAQ
What did ServiceNow (NOW) director Anita Sands report in this Form 4?
Anita M. Sands reported receiving 3,260 restricted stock units (RSUs) of ServiceNow common stock as a compensation award. The RSUs were granted at $0.00 per share and increase her direct holdings to 33,350 shares after the transaction.
How many ServiceNow RSUs were granted to director Anita Sands?
Anita Sands was granted 3,260 restricted stock units (RSUs) of ServiceNow common stock. Each RSU represents a contingent right to receive one share of common stock upon settlement, providing equity-based compensation rather than a cash salary component.
When do Anita Sands’ new ServiceNow RSUs vest?
All 3,260 RSUs vest 100% on the earlier of May 21, 2027 and ServiceNow’s next annual stockholder meeting in 2027. Vesting must occur before shares are delivered, aligning director compensation with longer-term company performance and governance timelines.
Is Anita Sands’ ServiceNow RSU grant an open-market stock purchase?
No, the RSU grant is a compensation award, not an open-market purchase. The Form 4 shows transaction code “A” for a grant or award, with a price per share of $0.00, meaning she did not pay cash to acquire these units.