Zavery Amit 4
Research Summary
AI-generated summary
ServiceNow (NOW) President Amit Zavery Receives 31,089 RSU Award
What Happened
Amit Zavery, President, Chief Product Officer and Chief Operating Officer of ServiceNow (NOW), was granted/received 31,089 restricted stock units (RSUs) on February 3, 2026. The filing shows an acquisition at $0.00 because these are derivative awards (RSUs) rather than a cash purchase. The award was a performance-based grant certified by the Compensation Committee for the Jan 1, 2024 – Dec 31, 2025 performance period.
Key Details
- Transaction type and date: Award/Grant (code A) on 2026-02-03; filing dated 2026-02-05.
- Shares/units: 31,089 RSUs recorded as acquired at $0.00 (derivative).
- Vesting/conditions: 100% of the RSUs will vest on February 7, 2026, subject to Zavery’s continued service on that date (footnote F2). The award was certified upon achievement of performance criteria for the 2024–2025 performance period (footnote F3).
- Nature of award: Each RSU represents a contingent right to one share of common stock (footnote F1).
- Shares owned after transaction: Not specified in this filing.
- Timeliness: Filed two days after the transaction date (no late-filing indication in the report).
Context
This is a compensation-related, performance-based RSU award—not a market purchase or sale—so it doesn't directly signal insider buying/selling activity. RSU grants are common for senior executives and convert to actual shares upon vesting and any required service/performance conditions.