McDermott William R 4

What Happened William R. McDermott, Chairman & CEO (also a director) of ServiceNow, reported the vesting/conversion of 3,005 restricted stock units (RSUs) into common shares on 2026-02-12. He relinquished 1,495 of those shares to the company to cover federal and state tax withholding at $103.29 per share, generating $154,419. After withholding, McDermott retained a net 1,510 shares. The RSU conversion shows an exercise/conversion code (M) at $0 exercise price (RSUs convert to shares without paying an option price).

Key Details

• Transaction date: 2026-02-12; Form 4 filed 2026-02-13 (timely filing).
• Converted: 3,005 RSUs to common stock (code M) at $0.00 per share.
• Tax withholding: 1,495 shares surrendered (code F) at $103.29/share = $154,419.
• Net shares received/retained: 1,510 shares (3,005 - 1,495).
• Footnotes: F1 = shares surrendered to cover withholding per Rule 16b-3; F2 = each RSU = right to one share; F3 = RSUs vest quarterly (1/16th each quarter) beginning May 12, 2022.
• Filing appears timely (no late filing indicated).

Context This was an award vesting (RSU conversion) and routine tax-withholding transaction, not an open-market purchase or sale for cash beyond the shares surrendered for taxes. Such "sell-to-cover" or surrender-for-tax events are common when equity awards vest and do not by themselves indicate a change in insider sentiment.