Form 4: ServiceNow CFO Gina Mastantuono Reports Stock Transactions
SEC Form 4 Filing
Gina Mastantuono, CFO of ServiceNow, reports the vesting and tax-related disposal of restricted stock units.
Summary
- On November 7, 2024, Gina Mastantuono, the CFO of ServiceNow, engaged in transactions involving ServiceNow's common stock and restricted stock units (RSUs).
- These transactions included the vesting of 175 and 234 restricted stock units, and the subsequent disposal of 95 and 126 shares of common stock to cover tax obligations.
- Following these transactions, Mastantuono directly owns 11,172 shares of ServiceNow common stock and 6,313 restricted stock units.
Sentiment
Score: 7
Explanation: The document reflects routine executive compensation activity, which is neither particularly positive nor negative. The transactions are expected and do not indicate any strategic shift or concern.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies like ServiceNow.
Comparison to Industry Standards
- Executive compensation packages including restricted stock units are standard practice in the tech industry.
- Companies like Salesforce, Workday, and Adobe also utilize RSUs as part of their executive compensation plans.
- The vesting schedules and tax-related share disposals are typical components of these arrangements.
Key Dates
| Date | Description |
|---|---|
| May 7, 2021 | First vesting date for 1/16th of the total shares of some restricted stock units. |
| May 7, 2024 | Vesting date for 3.33% of the shares subject to certain restricted stock units. |
| August 7, 2024 | Vesting date for 3.33% of the shares subject to certain restricted stock units. |
| November 7, 2024 | Date of reported transactions: vesting of RSUs and disposal of shares for tax obligations; Vesting date for 3.34% of the shares subject to certain restricted stock units. |
| February 7, 2025 | Quarterly vesting begins for the remaining 90% of shares subject to certain restricted stock units. |
| 11/12/2024 | Date of signature for the Form 4 filing. |
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