Jackson Lawrence 4
Research Summary
AI-generated summary
ServiceNow (NOW) Director Jackson Lawrence Receives Award
What Happened
- Jackson Lawrence, a director of ServiceNow, was granted/received 3,260 restricted stock units (RSUs) on May 21, 2026. The Form 4 reports the acquisition price as $0 (typical for RSU awards, which convert into shares upon vesting). The award is reported as an "A" (grant/award).
Key Details
- Transaction date: 2026-05-21; Form 4 filed: 2026-05-26 (filed five days after the transaction; appears later than the standard two-business-day Section 16 filing window).
- Award size: 3,260 RSUs; reported acquisition price: $0.
- Shares owned after transaction: not specified in the filing.
- Footnotes:
- F1: These are RSUs that vest 100% on the earlier of May 21, 2027 or the Issuer’s 2027 annual stockholder meeting. Each RSU converts to one share upon settlement for no additional consideration.
- F2: A 5-for-1 stock split on Dec 17, 2025 increased share counts (the reported RSU amount reflects the split).
- Exhibit: EX-24 2026 Section 16 POA - Jackson attached.
Context
- RSU grants are compensation awards that vest over time and do not represent immediate cash or market purchases; they become actual shares only upon settlement/vesting. Such grants to directors are common and usually part of routine compensation rather than direct market bets. The filing delay may be an administrative timing issue; it does not itself indicate trading intent.
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