Form 4 for NOW ServiceNow
Accepted 2024-08-20 00:00:00 ET · period of report 2024-08-16 · accession 0001373715-24-000324 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-08-20 | 2024-08-16 | NOW | ELMER RUSSELL S | GC | F - Tax | $827.56 | -1,092 | 8,459 | -11% | -$903.7K |
| DM | 2024-08-20 | 2024-08-16 | NOW | ELMER RUSSELL S | GC | M - OptEx | $0.00 | +2,031 | 9,455 | +27% | $0 |
| DM | 2024-08-20 | 2024-08-16 | NOW | ELMER RUSSELL S | GC | M - OptEx | $0.00 | -2,031 | 6,799 | -23% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-08-16 | F | D | 96 | $827.56 | 8,541 | D | — | — | (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. |
| 2 | Common | Common Stock | 2024-08-16 | M | A | 178 | $0.00 | 8,637 | D | — | — | |
| 3 | Common | Common Stock | 2024-08-16 | F | D | 996 | $827.56 | 8,459 | D | — | — | (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. |
| 4 | Common | Common Stock | 2024-08-16 | M | A | 1,853 | $0.00 | 9,455 | D | — | — | |
| 5 | Derivative | Restricted Stock Units | 2024-08-16 | M | D | 178 | $0.00 | 1,775 | D | — · — to — | 178 Common Stock | (F2) Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. (F5) The restricted stock units vest as to 1/16th of the total shares quarterly, with the first vesting occurring on May 17, 2023, and subject to the Reporting Person's continued service to the Issuer on each vesting date. |
| 6 | Derivative | Restricted Stock Units | 2024-08-16 | M | D | 1,853 | $0.00 | 6,799 | D | — · — to — | 1,853 Common Stock | (F2) Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. (F3) Acquired upon achievement of certain performance criteria pursuant to the performance-based restricted stock units granted February 15, 2023 under the Issuer's 2021 Equity Incentive Plan. The performance period for the restricted stock units was January 1, 2023 until December 31, 2023, with achievement of the applicable performance criteria subject to determination by the Issuer's Compensation Committee. This determination was obtained on January 22, 2024. (F4) 30% of the shares subject to the restricted stock units will vest on February 17, 2024, 15% of the shares subject to the restricted stock units will vest on each of August 17, 2024 and February 17, 2025, 20% of the shares subject to the restricted stock units will vest on August 17, 2025, and the final vest on February 17, 2026 of 20% of the shares subject to the restricted stock units is subject to adjustment based on the Issuer's 3-year relative total stockholder return performance against the S&P 500 index for the period from January 1, 2023 to December 31, 2025, subject to the reporting person's continued service to the Issuer on each vesting date. |