McDermott William R 4

What Happened
William R. McDermott, Chairman & CEO of ServiceNow, had 8,765 restricted stock units (RSUs) convert into common shares on May 7, 2026. The company withheld 4,712 shares to cover federal and state tax withholding at $93.59 per share (total withheld value $440,996), leaving McDermott with a net 4,053 shares. This was a vesting/conversion of RSUs (derivative conversion), not an open-market purchase — the withholding sale is a routine tax-related disposition.

Key Details

• Transaction date(s): May 7, 2026 (reported on Form 4 filed May 11, 2026 — filing appears timely).
• Actions reported: Conversion of 8,765 RSUs into 8,765 shares (code M); 4,712 shares withheld/used to pay tax obligations (code F) at $93.59/share = $440,996.
• Net shares received by insider: 4,053 shares (8,765 converted − 4,712 withheld).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 = shares relinquished to cover tax withholding; F2 = each RSU equals one share on vesting; F3 = describes the RSU vesting schedule and continued-service condition.
• No 10b5-1 plan or gift noted; disposition was for tax withholding (routine).

Context
This was a standard RSU vesting and company share-withholding to satisfy tax obligations (a common, neutral administrative event). Such withholding sales are routine and do not necessarily indicate insider buying or selling for investment reasons.