|4Feb 18, 6:58 PM ET

Canney Jacqueline P 4

Research Summary

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Updated

ServiceNow (NOW) Jacqueline Canney Exercises RSUs, Sells 761 Shares

What Happened
Jacqueline P. Canney, ServiceNow's Chief People & AI Enablement Officer, had 1,490 restricted stock units vest and convert into 1,490 shares on 2026-02-13. To satisfy tax withholding obligations, 761 of those shares were relinquished at $107.08 per share, generating $81,488. That leaves a net of 729 shares newly issued to her (1,490 vested − 761 withheld), worth about $78,100 at $107.08/share.

Key Details

  • Transaction date: 2026-02-13; Form filed 2026-02-18 (filed 5 days after the transaction).
  • Conversion/exercise: 1,490 RSUs converted to common shares (derivative code M) at $0 exercise price.
  • Tax withholding: 761 shares surrendered (code F) at $107.08/share for $81,488.
  • Net shares received: 729 shares (1,490 − 761).
  • Footnotes: F1 explains shares were relinquished to cover federal/state tax withholding; F2 clarifies each RSU equals one share; F3 notes these RSUs vest 1/12th quarterly (first vesting 5/15/2025) and are service-based.
  • Post-transaction total holdings: Not reported on the provided filing excerpt.
  • Timeliness: The Form 4 was filed five days after the transaction date; Form 4s are normally required within two business days, so this appears late.

Context
This was a routine RSU vesting event with shares surrendered to cover tax withholding (a common non-market sale). The transactions reflect an award/vesting and tax-related disposition rather than an open-market sale or a discretionary purchase — the key signal is the net acquisition of 729 shares from the vesting.