ServiceNow (NOW) Principal Accounting Officer Danielle Fontaine Receives Award

What Happened

Danielle Fontaine, ServiceNow's Principal Accounting Officer, had 305 restricted stock units (RSUs) vest and convert into 305 shares on August 7, 2026. No cash was paid to acquire these shares (conversion price $0.00). To cover tax withholding obligations, 106 of the newly issued shares were relinquished at $124.88 per share, totaling $13,237. Net shares issued to Fontaine from this vesting were 199 (305 vested − 106 withheld). This is a routine compensation vesting event rather than an open-market purchase or sale.

Key Details

• Transaction date: August 7, 2026 (reported on Form 4 filed Aug 11, 2026).
• Conversion/derivative (code M): 305 RSUs converted to 305 shares @ $0.00.
• Tax withholding (code F): 106 shares surrendered @ $124.88 = $13,237 to satisfy federal/state taxes.
• Net shares received from the vesting: 199.
• Footnotes: F1 indicates shares were relinquished to cover tax withholding; F2 notes each RSU equals one share; F3 describes the RSU vesting schedule (16 equal quarterly installments, first vested May 7, 2024).
• Shares owned after the transaction: Not disclosed in this filing.
• Filing timeliness: Report filed Aug 11, 2026 for an Aug 7, 2026 event (appears timely).

Context

RSU vesting results in share issuance rather than a cash purchase; the $0.00 price reflects conversion of units to shares. The surrender of shares to cover taxes is common and does not represent an open-market sale signal about the insider’s view. Transaction codes: M = conversion/exercise of a derivative (here, RSUs converting to shares); F = shares withheld for tax obligations.