ServiceNow (NOW) Principal Accounting Officer Danielle Fontaine Receives RSUs

What Happened Danielle Fontaine, ServiceNow's Principal Accounting Officer, had restricted stock units (RSUs) convert into 975 shares on August 14, 2026 (exercise/conversion of derivatives). To cover federal and state tax withholding, she surrendered 338 of those shares at $124.00 each, totaling $41,912. After withholding, she received a net 637 shares. The acquisitions show $0 exercise price per share because these were RSU vesting events rather than cash purchases.

Key Details

• Transaction date: August 14, 2026; Form 4 filed August 18, 2026 (timely within the two-business-day window).
• Acquisitions (conversion of RSUs): 235 shares @ $0.00 and 740 shares @ $0.00 = 975 shares acquired.
• Tax withholding (shares surrendered): 82 shares @ $124.00 = $10,168 and 256 shares @ $124.00 = $31,744; total surrendered = 338 shares for $41,912.
• Net shares received after withholding: 637 shares.
• Footnotes: F1 confirms shares were relinquished to satisfy tax withholding under Rule 16b-3; F2–F4 explain each RSU equals one share and the grants vest in 16 equal quarterly installments (first vestings on May 15, 2025 and May 15, 2026), subject to continued service.
• Shares owned after the transaction are not specified in this filing.

Context

• These entries reflect RSU vesting and the routine practice of surrendering shares to cover tax obligations (transaction codes: M = conversion/exercise of derivative, F = tax withholding). This is not an open-market purchase or sale motivated by a trade decision; it’s a compensation vesting event with routine tax-related share surrender.