ServiceNow Chief People Officer Converts RSUs, Surrenders 496 Shares

What Happened

• Jacqueline P. Canney, Chief People & AI Enablement Officer at ServiceNow (NOW), had 970 restricted stock units (RSUs) convert into 970 shares on August 17, 2026. To satisfy tax withholding, she surrendered 496 of those shares at an implied value of $117.70 per share, generating $58,379. The conversion itself shows a $0 exercise price for the RSUs; net shares retained from the vesting were 474 (970 vested − 496 surrendered).

Key Details

• Transaction date: August 17, 2026; Form 4 filed August 19, 2026 (timely filing).
• Conversion/derivative: 970 RSUs converted to 970 shares (reported as exercise/conversion, code M).
• Tax withholding: 496 shares surrendered/disposed to cover federal/state tax withholding at $117.70 per share, total $58,379 (reported under code F).
• Net shares retained from this vesting: 474 shares.
• Footnotes: F1 indicates shares were relinquished to cover tax withholding per Rule 16b-3; F2 clarifies each RSU equals one share; F3 notes these RSUs vest 1/16th quarterly, subject to continued service.
• No indication this was a 10% owner transaction or related to a 10b5-1 plan.

Context

• This is a routine "sell-to-cover" tax withholding related to RSU vesting (not an open-market sale for investment reasons). RSU conversions are typically reported with a $0 exercise price because they represent settlement of previously granted awards. Such transactions are common when executives receive equity-based compensation and do not necessarily indicate buying or selling sentiment.