Form 4: ServiceNow Executive Amit Zavery Reports Stock Transactions

Amit Zavery, President, CPO, and COO of ServiceNow, reports the acquisition and disposal of common stock and restricted stock units on May 7, 2025.

Summary

• On May 7, 2025, Amit Zavery, President, CPO, and COO of ServiceNow, engaged in transactions involving the company's stock.
• Zavery acquired 4,056 shares of common stock through the vesting of restricted stock units.
• Zavery disposed of 2,181 shares of common stock to cover tax withholding obligations related to the vesting of RSUs at a price of $983.29 per share.
• Following these transactions, Zavery directly owns 4,106 shares of common stock and 16,104 restricted stock units.
• The restricted stock units vest in installments, with the remaining shares vesting quarterly beginning on February 7, 2026, subject to continued service.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Future Outlook

The remaining restricted stock units will continue to vest quarterly, subject to the reporting person's continued service to the Issuer.

Industry Context

Form 4 filings are standard disclosures required by the SEC for company insiders, providing transparency into their transactions in the company's stock. This allows investors to track insider sentiment and potential alignment with company performance.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units (RSUs) as a way to align executive interests with shareholder value.
• The vesting schedule of these RSUs is typical, with vesting occurring over several years to incentivize long-term commitment.
• Companies like Microsoft, Oracle, and Salesforce also utilize RSUs as part of their executive compensation plans, with similar vesting schedules and tax withholding practices.

Stakeholder Impact

• Shareholders can monitor insider transactions to gain insights into executive sentiment and potential future company performance.

Key Dates

Keywords

Form 4, ServiceNow, Stock Transaction, Restricted Stock Units, Beneficial Ownership, Amit Zavery, Executive Compensation