Chamberlain Paul Edward 4
Research Summary
AI-generated summary
ServiceNow Director Paul Chamberlain Receives RSU Award
What Happened
- Paul Edward Chamberlain, a director of ServiceNow, received an award of 3,260 restricted stock units (RSUs) on May 21, 2026. The grant was recorded at $0.00 per unit (no cash paid at grant), representing a contingent right to receive one share per RSU upon settlement.
Key Details
- Transaction date and type: 2026-05-21 — Award/Grant (code A). Grant price: $0.00 per RSU; total reported cash value at grant = $0.
- Vesting: 100% of the RSUs vest on the earlier of May 21, 2027 and the date of the Issuer’s 2027 annual stockholder meeting (see footnote F1).
- Shares owned after transaction: Not specified in the provided filing details.
- Filing timing: Form filed on 2026-05-26 for the 2026-05-21 transaction (filed five days after the transaction); this appears to be after the typical two-business-day SEC filing window for Section 16 insiders.
- Footnote summary (F1): Each RSU is a contingent right to one share of common stock upon settlement for no consideration.
Context
- RSU grants are a common form of director compensation and do not represent an open-market purchase or sale; they generally convert to actual shares only upon vesting and settlement. Such awards are routine and should be viewed as compensation rather than an immediate signal of the insider’s trading intent.