Briggs Teresa 4
Research Summary
AI-generated summary
ServiceNow (NOW) Director Teresa Briggs Receives RSU Award
What Happened
Teresa Briggs, a director of ServiceNow, was granted 3,260 restricted stock units (RSUs) on May 21, 2026. The RSUs were reported at $0.00 per share (no cash paid) and represent a contingent right to receive one share of common stock per RSU upon settlement.
Key Details
- Transaction date: May 21, 2026; Form 4 filed May 26, 2026 (filed 5 days after the transaction, later than the typical 2-business‑day deadline).
- Grant size: 3,260 RSUs; reported acquisition price: $0.00; immediate cash value on grant: $0.
- Vesting: 100% of the RSUs vest on the earlier of May 21, 2027 or the date of the issuer's 2027 annual stockholder meeting (per footnote).
- Shares owned after the transaction: not specified in the filing.
- Other note: The company completed a 5‑for‑1 stock split on Dec 17, 2025; share counts in filings reflect the split. Exhibit listed: EX‑24 (2026 Section 16 POA - Briggs).
Context
This is an equity award (grant of RSUs), not an open‑market purchase or sale. RSU awards are a common form of director compensation and become actual shares only upon vesting/settlement — they do not indicate an immediate cash investment or sale. The late filing delays public disclosure beyond the usual 2‑day window; the grant itself remains a routine compensation event.
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