McDermott William R 4

What Happened William R. McDermott, Chairman and CEO of ServiceNow (NOW), was granted 57,930 restricted stock units (RSUs) on February 9, 2026. The Form 4 reports this as a derivative award (transaction code A) with an acquisition price of $0 — i.e., an equity compensation grant rather than a cash purchase or sale.

Key Details

• Transaction date: February 9, 2026; Form 4 filed February 11, 2026 (timely within Form 4 reporting window).
• Transaction type/code: Award/Grant (A) of 57,930 RSUs, acquisition price reported as $0.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote F1: Each RSU represents a contingent right to receive one share of ServiceNow common stock.
• Footnote F2: Additional shares are scheduled to vest on February 17, 2026 under performance-based RSUs granted Feb 15, 2023, contingent on ServiceNow’s total shareholder return vs. the S&P 500 for the three-year period ended Dec 31, 2025, as certified by the Compensation Committee on Feb 9, 2026.

Context This was an equity compensation award tied to prior performance-based RSUs, not an open-market purchase or insider sale. Such awards are routine executive compensation and are recorded at $0 on Form 4 because they are grants of contingent shares rather than cash transactions.