Form 4: ServiceNow Executive Kevin Thomas McBride Reports Stock Transactions
SEC Form 4 Filing
Principal Accounting Officer Kevin Thomas McBride reports transactions involving ServiceNow common stock and restricted stock units.
Summary
- Kevin Thomas McBride, Principal Accounting Officer of ServiceNow, reported changes in beneficial ownership of company stock on August 7, 2024.
- These transactions involved the vesting of restricted stock units (RSUs) and the subsequent acquisition and disposition of common stock.
- McBride acquired 199 shares and 334 shares of common stock upon the vesting of RSUs.
- He also disposed of 95 shares and 159 shares to cover tax withholding obligations related to the RSU vesting at a price of $776.28 per share.
- Following these transactions, McBride directly owns 3,094 shares of common stock and holds 1,784 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| February 7, 2023 | 29.17% of restricted stock units vest, with remaining vesting in equal quarterly installments over three years. |
| July 31, 2024 | Includes 11 shares acquired under the Issuer's Employee Stock Purchase Plan. |
| May 7, 2024 | First vesting date of 1/16th of total shares quarterly. |
| August 7, 2024 | Date of reported transactions involving common stock and restricted stock units. |
| August 9, 2024 | Date of signature on the Form 4 filing. |
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