ServiceNow (NOW) CEO awarded 57,930 performance-based RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ServiceNow Chairman and CEO William R. McDermott reported receiving an award of 57,930 restricted stock units (RSUs) on February 9, 2026. Each RSU represents a contingent right to receive one share of ServiceNow common stock.
The RSUs relate to a performance-based grant originally awarded on February 15, 2023. The number of additional shares was determined by the Compensation Committee based on ServiceNow’s total shareholder return versus the S&P 500 over the three years ended December 31, 2025. After this award, McDermott directly holds 115,860 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McDermott William R
Role
Chairman & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 57,930 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 115,860 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. Additional shares scheduled to vest on February 17, 2026, pursuant to the terms of the performance-based restricted stock units ("RSUs") granted February 15, 2023, based on the Issuer's total shareholder return relative to the S&P 500 for the three years ended December 31, 2025, as determined by the Compensation Committee on February 9, 2026.
FAQ
What insider transaction did ServiceNow (NOW) report for William R. McDermott?
ServiceNow reported that Chairman and CEO William R. McDermott acquired 57,930 restricted stock units on February 9, 2026. These RSUs are part of a performance-based equity award tied to the company’s total shareholder return versus the S&P 500 over a three-year period.
How many ServiceNow (NOW) RSUs does William R. McDermott hold after this Form 4?
After the reported transaction, William R. McDermott beneficially owns 115,860 restricted stock units. Each RSU represents a contingent right to receive one share of ServiceNow common stock, reflecting his equity-based compensation as Chairman and CEO linked to prior performance conditions.
What are the terms of the ServiceNow (NOW) performance-based RSUs granted to McDermott?
The additional RSUs are tied to performance-based awards granted on February 15, 2023. Vesting depends on ServiceNow’s total shareholder return relative to the S&P 500 for the three years ended December 31, 2025, as certified by the Compensation Committee on February 9, 2026.
When are William R. McDermott’s new ServiceNow (NOW) RSUs scheduled to vest?
The additional RSUs are scheduled to vest on February 17, 2026. They stem from a 2023 performance-based grant whose payout level was determined by the Compensation Committee after reviewing ServiceNow’s three-year total shareholder return compared with the S&P 500 index.
Does the ServiceNow (NOW) Form 4 show a purchase or a sale by McDermott?
The Form 4 shows an acquisition of restricted stock units, not an open-market purchase or sale. The transaction code is “A,” indicating a grant or award of derivative securities as part of McDermott’s equity compensation rather than a cash stock transaction.
What does each ServiceNow (NOW) restricted stock unit reported in this filing represent?
Each restricted stock unit reported for William R. McDermott represents a contingent right to receive one share of ServiceNow common stock. Delivery of shares depends on satisfaction of vesting and performance conditions outlined in the original February 15, 2023 performance-based RSU award.