Form 4: ServiceNow Director Larry Quinlan Receives Restricted Stock Unit Award

ServiceNow, Inc. Director Larry Quinlan was granted 319 restricted stock units (RSUs) on May 22, 2025, increasing his beneficial ownership to 1,641 shares.

Summary

• Larry Quinlan, a Director of ServiceNow, Inc. (NOW), acquired 319 shares of common stock.
• The acquisition occurred on May 22, 2025, and represents an award of restricted stock units (RSUs).
• These RSUs are scheduled to vest 100% on the earlier of May 22, 2026, or the date of the Issuer's next annual stockholder meeting in 2026.
• Each RSU provides a contingent right to receive one share of the Issuer's common stock upon settlement for no consideration.
• Following this transaction, Mr. Quinlan's beneficial ownership of ServiceNow common stock stands at 1,641 shares.

Sentiment

Score: 7

Explanation: The award of restricted stock units to a director is a positive sign of continued alignment between the board's interests and shareholder value, as the director's compensation is tied to the company's future performance. It is a routine compensation event rather than a direct investment, hence a moderately positive score.

Positives

• Director Larry Quinlan received an award of 319 restricted stock units, which aligns his interests further with shareholders by tying his compensation to the company's future stock performance.

Future Outlook

The 319 restricted stock units awarded to Director Larry Quinlan are scheduled to vest 100% on the earlier of May 22, 2026, or the date of ServiceNow's next annual stockholder meeting in 2026, indicating a future conversion of these units into common stock.

Industry Context

This Form 4 filing reflects a routine equity compensation award to a director, which is a common practice across the technology industry to incentivize and align the interests of board members with the long-term performance and shareholder value of the company.

Related Party Transactions

• The transaction involves an equity award (Restricted Stock Units) to Larry Quinlan, a Director of ServiceNow, Inc., which is a common form of compensation for board members and is considered a related-party transaction in the context of corporate governance.

Stakeholder Impact

• Shareholders: The award of restricted stock units to a director aligns the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.

Next Steps

• The 319 restricted stock units will vest on the earlier of May 22, 2026, or the date of the Issuer's next annual stockholder meeting in 2026, at which point they will convert into common stock.

Key Dates

Keywords

ServiceNow, NOW, Form 4, insider transaction, restricted stock units, RSU, director, equity award, stock ownership