Canney Jacqueline P 4
Research Summary
AI-generated summary
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.