NOW Insider Activity: Canney RSU Vesting and Rule 10b5-1 Sale Executed
Rhea-AI Filing Summary
Jacqueline P. Canney, Chief People & AI Enblmt. Officer at ServiceNow (NOW), reported multiple transactions on Form 4 related to vesting of restricted stock units (RSUs), tax-withholding share remittances, and an executed sale under a 10b5-1 plan. On 08/15/2025 she acquired 2,703 shares, 194 shares, and 298 shares upon RSU vesting and had previously relinquished 1,380, 100, and 153 shares to satisfy tax withholding at $867.24 per share, leaving beneficial ownership balances ranging from 3,027 to 5,730 shares across line items. A sale of 1,562 shares occurred on 08/18/2025 at $866.45 per share under a Rule 10b5-1 plan adopted February 27, 2025.
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Insights
TL;DR: Routine equity compensation vesting with tax-withholding remittances and a preplanned sale; no material change to control or capital structure.
The Form 4 documents standard equity compensation activity: performance- and service-based RSU vesting converted to common shares, shares surrendered to cover federal and state tax withholding at $867.24 per share, and a Rule 10b5-1 sale of 1,562 shares at $866.45. The transactions reflect compensation settlement mechanics and a pre-established trading plan adopted 02/27/2025, and they do not indicate a change in ownership control. Reported beneficial ownership post-transactions ranges by line from 3,027 to 5,730 shares.
TL;DR: Disclosures comply with Section 16 timing and Rule 10b5-1; activity aligns with routine governance and compensation processes.
The filing discloses the mechanics of RSU vesting schedules including performance-based vesting tied to relative TSR metrics and standard quarterly/service vesting schedules. The reporter used Rule 16b-3 mechanics for tax withholding and a Rule 10b5-1 plan for an executed sale on 08/18/2025. From a governance perspective, these are standard, transparent actions consistent with equity plan administration and insider trading policies.