ServiceNow (NOW) director Frederic Luddy receives 3,260 RSU equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceNow, Inc. director Frederic B. Luddy reported an equity compensation grant in the form of restricted stock units (RSUs). He received 3,260 RSUs, with 100% of the units vesting on the earlier of May 21, 2027 or the company’s next annual stockholder meeting in 2027. Each RSU converts into one share of common stock upon settlement for no cash payment. Following this award, Luddy holds 4,855 shares of common stock directly, along with indirect holdings of 153,000 shares through an LLC and 615,565 shares through a trust. The filing also notes a prior 5-for-1 stock split on December 17, 2025, which provided four additional shares for each share held as of that date.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
LUDDY FREDERIC B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,260 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,855 shares (Direct, null);
Common Stock — 615,565 shares (Indirect, by Trust)
Footnotes (1)
- Represents an award of restricted stock units ("RSUs"). 100% of the RSUs vest on the earlier of May 21, 2027 and the date of the Issuer's next annual stockholder meeting in 2027. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration. On December 17, 2025, the Issuer effected a 5-for-1 stock split of its common stock (the "Stock Split"), which resulted in the reporting person receiving four additional shares for each share of common stock of the Issuer held as of such date.
Key Figures
RSU grant size: 3,260 RSUs
RSU vesting date: May 21, 2027
Direct holdings after grant: 4,855 shares
+3 more
6 metrics
RSU grant size
3,260 RSUs
Equity award to Frederic B. Luddy
RSU vesting date
May 21, 2027
100% vesting or earlier 2027 annual meeting
Direct holdings after grant
4,855 shares
ServiceNow common stock held directly
Indirect LLC holdings
153,000 shares
ServiceNow common stock held indirectly by LLC
Indirect trust holdings
615,565 shares
ServiceNow common stock held indirectly by trust
Stock split ratio
5-for-1 split
Effective December 17, 2025
Key Terms
restricted stock units ("RSUs"), 5-for-1 stock split, contingent right
3 terms
restricted stock units ("RSUs") financial
"Represents an award of restricted stock units ("RSUs"). 100% of the RSUs vest..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
5-for-1 stock split financial
"On December 17, 2025, the Issuer effected a 5-for-1 stock split of its common stock..."
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's common stock..."
FAQ
What insider transaction did Frederic B. Luddy report at ServiceNow (NOW)?
Frederic B. Luddy reported receiving a grant of 3,260 restricted stock units (RSUs) in ServiceNow common stock. This is a compensation-related award, not an open-market purchase or sale, and each RSU can settle into one share at no cash cost.
When do Frederic B. Luddy’s newly granted ServiceNow RSUs vest?
All 3,260 RSUs vest 100% on the earlier of May 21, 2027 or ServiceNow’s next annual stockholder meeting in 2027. After vesting, each unit can deliver one share of common stock upon settlement without additional consideration.
What indirect ServiceNow holdings are reported for Frederic B. Luddy?
The filing shows 153,000 ServiceNow shares held indirectly through an LLC and 615,565 shares held indirectly through a trust. These are reported as indirect ownership interests, in addition to Luddy’s smaller direct common stock position.
What does the 5-for-1 ServiceNow stock split mentioned in the Form 4 mean?
ServiceNow effected a 5-for-1 stock split on December 17, 2025, giving four additional shares for each share held on that date. This corporate action increased reported share counts but did not change the overall economic ownership percentage for shareholders.