Form 4: ServiceNow CFO Gina Mastantuono Reports Stock Transactions
SEC Form 4
Gina Mastantuono, CFO of ServiceNow, reports the acquisition and disposal of common stock and restricted stock units.
Summary
- On February 14, 2025, Gina Mastantuono, the President and CFO of ServiceNow, engaged in transactions involving common stock and restricted stock units (RSUs).
- She acquired 3,332 shares of common stock and disposed of 1,653 shares to cover tax obligations at a price of $986.63 per share.
- Additionally, she acquired 319 shares of common stock and disposed of 159 shares to cover tax obligations at a price of $986.63 per share.
- Mastantuono also acquired 3,332 and 319 restricted stock units.
- On February 18, 2025, Mastantuono acquired 5,647 restricted stock units.
- Following these transactions, Mastantuono directly owns 15,568 shares of common stock, 8,882 restricted stock units from the first transaction, 2,552 restricted stock units from the second transaction, and 5,647 restricted stock units from the third transaction.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Future Outlook
The vesting of restricted stock units is subject to continued service and, in some cases, the Issuer's 3-year relative total stockholder return performance against the S&P 500 index.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It provides transparency into the trading activities of company insiders, which is important for investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership of shares.
- The vesting of RSUs incentivizes the reporting person to continue service to the Issuer.
Key Dates
| Date | Description |
|---|---|
| 02/15/2023 | Date of grant for performance-based restricted stock units under the Issuer's 2021 Equity Incentive Plan. |
| 01/01/2023 12/31/2023 | Performance period for the restricted stock units. |
| 01/01/2023 12/31/2025 | Period for the Issuer's 3-year relative total stockholder return performance against the S&P 500 index. |
| 05/17/2023 | First vesting date for 1/16th of the total shares quarterly. |
| 01/22/2024 | Determination of achievement of applicable performance criteria by the Issuer's Compensation Committee. |
| 02/17/2024 | Vesting date for 30% of the shares subject to the restricted stock units. |
| 08/17/2024 | Vesting date for 15% of the shares subject to the restricted stock units. |
| 02/17/2025 | Vesting date for 15% of the shares subject to the restricted stock units. |
| 02/14/2025 | Date of transactions involving common stock and restricted stock units. |
| 02/18/2025 | Date of acquisition of 5,647 restricted stock units. |
| 02/19/2025 | Date of signature for the report. |
| 05/15/2025 | First vesting date for 1/12th of the total shares quarterly. |
| 08/17/2025 | Vesting date for 20% of the shares subject to the restricted stock units. |
| 02/17/2026 | Final vesting date for 20% of the shares subject to the restricted stock units. |
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