Form 4: ServiceNow Executive Jacqueline Canney Reports Stock Transactions
SEC Form 4
Jacqueline Canney, Chief People Officer at ServiceNow, reports the vesting of restricted stock units, tax withholding, and a sale of shares under a pre-arranged trading plan.
Summary
- Jacqueline Canney, Chief People Officer of ServiceNow, filed a Form 4 detailing changes in beneficial ownership of ServiceNow stock.
- On November 7, 2024, 156 restricted stock units (RSUs) vested, resulting in the acquisition of 156 shares of common stock.
- Also on November 7, 2024, 80 shares were relinquished to cover tax withholding obligations related to the RSU vesting at a price of $1,015.28 per share.
- On November 8, 2024, Canney sold 76 shares of common stock at a price of $1,010.94 per share.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on February 27, 2024.
- Following these transactions, Canney directly owns 3,027 shares of ServiceNow common stock and 4,209 restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transactions are part of a pre-planned trading strategy and tax obligations.
Future Outlook
The remaining 90% of the shares subject to the restricted stock units will vest quarterly beginning on February 7, 2025, subject to continued service.
Industry Context
Executive stock transactions are routinely monitored by investors to gauge sentiment and ensure compliance with regulations. Sales under 10b5-1 plans are common and pre-arranged.
Key Dates
| Date | Description |
|---|---|
| February 27, 2024 | Date of adoption of Rule 10b5-1 trading plan |
| May 7, 2024 | 3.33% of restricted stock units vested |
| August 7, 2024 | 3.33% of restricted stock units vested |
| November 7, 2024 | Vesting of 156 restricted stock units and tax withholding. |
| November 8, 2024 | Sale of 76 shares of common stock. |
| November 12, 2024 | Date of Form 4 signature. |
| February 7, 2025 | Quarterly vesting of remaining 90% of restricted stock units begins. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.