Form 4: ServiceNow Director Larry Quinlan Acquires RSUs

ServiceNow Director Larry Quinlan was granted restricted stock units (RSUs) representing 3,260 shares of common stock, with vesting scheduled for May 21, 2027.

Summary

• Larry Quinlan, a Director at ServiceNow, Inc., received an award of 3,260 restricted stock units (RSUs) on May 21, 2026.
• These RSUs are set to vest 100% on the earlier of May 21, 2027, or the date of the Issuer's next annual stockholder meeting in 2027.
• Each RSU represents a contingent right to receive one share of ServiceNow's common stock upon settlement.
• The filing also notes a 5-for-1 stock split that occurred on December 17, 2025, which impacted previously held shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports on routine director compensation in the form of RSUs and a past stock split, without significant new financial performance data or strategic shifts.

Positives

• Director compensation through RSUs indicates continued investment in key personnel and alignment with long-term company performance.
• The vesting schedule ties equity awards to future performance and continued service, promoting retention.

Risks

• The value of the RSUs is subject to fluctuations in ServiceNow's stock price.
• Vesting is contingent on continued service and the occurrence of specific future events, creating potential for forfeiture if these conditions are not met.

Future Outlook

The RSUs awarded to Larry Quinlan are scheduled to vest on May 21, 2027, or at the company's next annual stockholder meeting in 2027, whichever comes first. This indicates a forward-looking compensation strategy tied to future performance and continued tenure.

Industry Context

StockSavvy.ai notes that the issuance of RSUs to directors is a common practice in the technology sector, including for companies like ServiceNow, to align executive and director interests with shareholder value and to incentivize long-term commitment.

Related Party Transactions

• Award of restricted stock units to Director Larry Quinlan.

Stakeholder Impact

• Shareholders: The RSU award represents potential future dilution, but also aligns director incentives with long-term shareholder value.
• Employees: The stock split mentioned may impact employee stock option or grant valuations.
• Management: Reinforces compensation structure for key leadership.

Next Steps

• Vesting of the awarded RSUs on or before May 21, 2027.
• Potential settlement of RSUs into shares of common stock upon vesting.

Key Dates

Keywords

ServiceNow, NOW, Form 4, SEC Filing, Restricted Stock Units, RSUs, Director Compensation, Equity Award, Stock Split, Beneficial Ownership