NOW Insider Filing: 41 RSUs Vested; 17 Shares Relinquished for Taxes
Rhea-AI Filing Summary
Paul Fipps, President, Global Customer Operations at ServiceNow (NOW), reported changes in beneficial ownership on 08/12/2025 following vesting of restricted stock units. 41 restricted stock units became common stock (reported as an acquisition at $0), increasing his direct holdings to 1,039 shares before a related disposition. In the same reporting sequence he relinquished 17 shares in connection with the issuer’s payment of federal and state tax withholding obligations, recorded at a price of $853.43 per share, leaving 1,022 shares beneficially owned directly. The filing also shows 82 restricted stock units remaining outstanding that convert into common stock under the stated vesting schedule (1/16th quarterly, first vesting May 12, 2022).
Positive
- 41 RSUs converted to 41 shares, indicating scheduled compensation vesting
- Full disclosure of vesting schedule (1/16th quarterly, first vesting May 12, 2022) and remaining RSUs (82)
Negative
- 17 shares relinquished to satisfy federal and state tax withholding obligations, reducing direct holdings
- Reported withholding price of $853.43 per share reflects transaction-level cash impact to the reporting person
Insights
TL;DR: Routine insider vesting and tax-withholding share relinquishment; not material to valuation.
This Form 4 documents standard compensation-related activity: 41 RSUs converted to 41 shares and 17 shares were relinquished to satisfy tax withholding at $853.43 per share. The net direct shareholding reported is 1,022 shares with 82 RSUs remaining. Such transactions reflect executive compensation mechanics rather than open-market trading activity and do not, by themselves, indicate a change in corporate outlook or operational performance.
TL;DR: Disclosure aligns with Rule 16 reporting norms for RSU vesting and withholding; documentation is complete.
The filing identifies the reporting person, relationship to the issuer, transaction dates, amounts, and an explanation stating shares were relinquished to satisfy tax withholding in accordance with Rule 16b-3. Vesting terms are disclosed (1/16th quarterly, initial vesting May 12, 2022). The Form 4 appears to provide the required elements for transparency about compensation-related equity changes.