Nowbar Hossein 4
Research Summary
AI-generated summary
ServiceNow (NOW) President & CLO Hossein Nowbar Receives RSU Award
What Happened
- Hossein Nowbar, President and Chief Legal Officer of ServiceNow (NOW), received a grant of 26,512 restricted stock units (RSUs) on February 17, 2026. The grant was reported as a derivative award at $0.00 per unit (no cash purchase); each RSU represents a contingent right to one share of common stock upon vesting.
Key Details
- Transaction date: 2026-02-17; filing date: 2026-02-19 (filed within the typical two-business-day window).
- Grant type/code: A (award/grant); reported acquisition of 26,512 RSUs at $0.00.
- Vesting: 12 equal quarterly installments, first vesting on May 15, 2026; vesting contingent on continued service.
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes: F1 confirms 1 RSU = right to 1 share; F2 details the quarterly vesting schedule.
- No indication of a sale, purchase for cash, or a 10b5-1 sale plan in this filing.
Context
- This is a compensation/retention award, not an open-market purchase or sale. RSUs do not represent immediate stock ownership until they vest and are typically used to align executive incentives with shareholder value over time.