Form 4: ServiceNow Director Frederic B. Luddy Donates Shares to Charity

ServiceNow director Frederic B. Luddy donated 2,944 shares of common stock to charity on November 20, 2024.

Summary

• Frederic B. Luddy, a director at ServiceNow, Inc., reported a transaction on November 20, 2024.
• Mr. Luddy donated 2,944 shares of ServiceNow common stock to charity.
• The donation was a non-derivative transaction, and the price per share was $0 as it was a donation.
• Following the transaction, Mr. Luddy directly owns 428 shares and indirectly owns 126,628 shares through a trust and 30,600 shares through an LLC.

Sentiment

Score: 7

Explanation: The document reflects a positive action by a company director through a charitable donation. It is a neutral event from a financial perspective, but the philanthropic aspect is positive.

Positives

• The donation of shares to charity is a positive philanthropic action by the director.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders reporting changes in their beneficial ownership of company stock. It does not indicate any specific trend in the industry.

Comparison to Industry Standards

• SEC Form 4 filings are a standard practice for all publicly traded companies in the United States.
• The donation of shares to charity is a personal decision of the director and does not reflect on the company's performance or standing in the industry.
• Similar filings are made by directors and officers of other technology companies such as Salesforce, Oracle, and Microsoft when they have transactions involving their company's stock.

Stakeholder Impact

• The donation has a minor positive impact on the community through the charity receiving the shares.
• The transaction has no material impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

ServiceNow, Director, Frederic B. Luddy, Charity, Stock Donation, SEC Form 4, Beneficial Ownership