Form 4: ServiceNow CEO William McDermott Reports Stock Transactions
SEC Form 4 Filing
William McDermott, CEO of ServiceNow, reports the vesting and disposal of common stock and restricted stock units.
Summary
- On May 7, 2025, William McDermott, the Chairman and CEO of ServiceNow, engaged in transactions involving the company's stock.
- He acquired 1,753 shares of common stock through the vesting of restricted stock units (RSUs).
- He disposed of 943 shares to cover tax withholding obligations resulting from the RSU vesting at a price of $983.29 per share.
- Following these transactions, McDermott directly owns 7,424 shares of common stock and indirectly owns 4,881 shares through a trust.
- He also holds 10,522 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by a company executive, and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/07/2024 | 3.33% of restricted stock units vested |
| 08/07/2024 | 3.33% of restricted stock units vested |
| 11/07/2024 | 3.34% of restricted stock units vested |
| 02/07/2025 | Quarterly vesting of the remaining 90% of restricted stock units began |
| 05/07/2025 | Date of stock transactions: RSU vesting and tax obligation fulfillment |
| 05/09/2025 | Date of signature for the Form 4 filing |
Keywords
ServiceNow, William McDermott, Stock, RSU, Form 4, SEC, Beneficial Ownership
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