Quinlan Larry 4
Research Summary
AI-generated summary
ServiceNow (NOW) Director Larry Quinlan Receives RSU Award
What Happened
Larry Quinlan, a director of ServiceNow, was granted 3,260 restricted stock units (RSUs) on May 21, 2026. The grant is reported as an acquisition at $0 per share (total reported value $0). Each RSU is a contingent right to receive one share of ServiceNow common stock upon settlement.
Key Details
- Transaction date: May 21, 2026 (reported on Form 4 filed May 26, 2026).
- Transaction type/code: Award/Grant (A).
- Shares/units granted: 3,260 RSUs; reported acquisition price $0 (total $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 (per footnote).
- Stock split note: A 5-for-1 stock split on Dec 17, 2025 is noted in the filing (grant/amounts reflect post-split shares).
- Post-transaction holdings: Not specified in the filing.
- Filing timing: Form 4 was filed five days after the transaction (May 26 vs May 21); Form 4s are typically due within two business days, so this filing appears later than the standard window.
- Exhibit: EX-24 2026 Section 16 Power of Attorney for Quinlan is included.
Context
RSUs are compensation awards that convert into shares at settlement for no additional payment by the recipient; a $0 acquisition price for an RSU grant is standard. Director RSU grants are common as part of routine compensation and do not necessarily signal buying or selling intent. This was a grant/award, not a market purchase or sale.