Canney Jacqueline P 4
Research Summary
AI-generated summary
ServiceNow (NOW) Chief People & AI Officer Jacqueline Canney Receives 685 Shares
What Happened
- Jacqueline P. Canney, ServiceNow's Chief People & AI Enablement Officer, had 685 restricted stock units (RSUs) convert to common shares on Feb 12, 2026. The filing shows 685 shares were issued upon vesting and 386 of those shares were surrendered to cover tax withholding obligations at $103.29 per share (totaling $39,870). After withholding, Canney received 299 net shares (approx. $30,884 at $103.29/share).
Key Details
- Transaction date: Feb 12, 2026; Form 4 filed Feb 13, 2026.
- Conversion/award: 685 RSUs converted to 685 common shares (derivative conversion, Code M).
- Tax withholding: 386 shares withheld/disposed to satisfy federal/state tax obligations at $103.29 per share = $39,870 (Code F).
- Net shares delivered: 299 shares (approx. $30,884 based on $103.29/share).
- Footnotes: F1 – shares relinquished for tax withholding; F2 – each RSU equals one share; F3 – these RSUs vest quarterly (1/16th each quarter) with initial vesting on May 12, 2022.
- Shares owned after transaction: not specified in the provided filing summary.
- Timeliness: Filing date is Feb 13, 2026 for a Feb 12 transaction (filed the next day).
Context
- This was a routine vesting of RSUs with shares withheld to cover taxes — a common, administrative transaction rather than an open-market purchase or sale that signals trading intent. The conversion was effectively cashless withholding to meet tax obligations; no open-market sale or new cash purchase by the insider is reported.