ServiceNow (NOW) Jacqueline Canney Receives RSU Shares; Sells Some for Taxes

What Happened
Jacqueline P. Canney, ServiceNow's Chief People & AI Enablement Officer, had restricted stock units convert into 5,056 shares on Aug 14, 2026 (recorded as derivative conversions at $0). To satisfy withholding taxes, she relinquished 2,582 of those shares (761 and 1,821 shares) at an implied value of $124.00 per share, totaling $320,168. Net new shares received by Canney from this vesting were 2,474 shares.

Key Details

• Transaction date: 2026-08-14; Form 4 filed 2026-08-18 (timely filed).
• Converted/received: 5,056 shares (1,490 + 3,566) at $0 (conversion of RSUs).
• Shares surrendered for tax withholding: 2,582 shares (761 + 1,821) at $124.00 => $320,168 total.
• Net increase in holdings from this event: +2,474 shares.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: these were restricted stock units (RSUs) that vest quarterly (1/12th each quarter) under two awards with different initial vesting start dates; the share surrender represents tax withholding in accordance with Rule 16b-3.

Context
This was a routine RSU vesting event with shares converted and a portion withheld/surrendered to cover tax obligations (a common, non-speculative administrative action). The filing shows conversion of RSU derivatives rather than an open-market purchase or sale; the surrendered shares served only to satisfy tax withholding.