ServiceNow (NYSE: NOW) HR chief vests 970 RSUs, keeps 1,945
Rhea-AI Filing Summary
ServiceNow, Inc. (NOW) reported that Chief People & AI Enablement Officer Jacqueline P. Canney had 970 Restricted Stock Units vest on August 17, 2026, converting into an equal number of shares of common stock. Of these, 496 shares were withheld at $117.70 per share to satisfy tax withholding obligations. Following the transaction, she held 1,945 RSUs, which continue to vest quarterly in 1/16 increments, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 474 shares
Net Buy
3 txns
Insider
Canney Jacqueline P
Role
Chief People & AI Enblmt. Off.
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F2, F3 | 970 | $0.00 | $0.00 |
| Exercise | Common Stock | 970 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F1 | 496 | $117.70 | $58K |
Holdings After Transaction:
Restricted Stock Units — 1,945 shares (Direct);
Common Stock — 37,889 shares (Direct)
Footnotes (3)
- 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 RSUs, in accordance with Rule 16b-3.
- F2. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.
- F3. The restricted stock units vest as to 1/16th of the total shares quarterly, with the first vesting having occurred on May 17, 2023, and subject to the Reporting Person's continued service to the Issuer on each vesting date.
Key Figures
RSUs converted: 970 shares
Shares acquired: 970 shares
Shares withheld for taxes: 496 shares
+4 more
7 metrics
RSUs converted
970 shares
RSUs converted into common stock on August 17, 2026
Shares acquired
970 shares
Common stock received from RSU vesting on August 17, 2026
Shares withheld for taxes
496 shares
Shares withheld to satisfy tax withholding obligations
Withholding price
$117.70 per share
Price used for tax-withholding share value
RSUs remaining
1,945 units
RSUs held after the reported transactions
Vesting rate
1/16 quarterly
RSUs vest as to 1/16 of total shares each quarter
First vesting date
May 17, 2023
Initial vesting date for the RSU award
Key Terms
Restricted Stock Units, contingent right, Rule 16b-3, tax withholding obligations
4 terms
Restricted Stock Units financial
"Represents shares relinquished by the Reporting Person in exchange for the Issuer's payment"
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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
Rule 16b-3 regulatory
"in accordance with Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
tax withholding obligations financial
"payment of federal and state tax withholding obligations of the Reporting Person"
FAQ
What insider equity transaction did ServiceNow (NOW) report for Jacqueline P. Canney?
ServiceNow reported that 970 RSUs held by Jacqueline P. Canney vested and converted into 970 shares of common stock on August 17, 2026. The event reflects routine vesting of previously granted equity awards subject to continued service conditions.
What is Jacqueline P. Canney’s remaining RSU balance at ServiceNow (NOW)?
After the reported transactions, Jacqueline P. Canney held 1,945 Restricted Stock Units. These RSUs represent contingent rights to receive the same number of ServiceNow common shares, subject to continued service and the specified quarterly vesting schedule.
How do the RSUs for ServiceNow (NOW) executive Jacqueline P. Canney vest?
The RSUs vest as to 1/16 of the total shares quarterly, with the first vesting on May 17, 2023. Continued vesting depends on Jacqueline P. Canney’s continued service to ServiceNow on each vesting date.
What does the Form 4 for ServiceNow (NOW) say about the nature of the RSUs?
Each Restricted Stock Unit reported represents a contingent right to receive one share of ServiceNow common stock. Actual share delivery occurs upon vesting, subject to tax withholding and service-based vesting conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.