Form 4: ServiceNow Executive Kevin Thomas McBride Reports Stock Transactions
SEC Form 4 Filing
Kevin Thomas McBride, Principal Accounting Officer at ServiceNow, reports the vesting and tax-related disposal of restricted stock units.
Summary
- Kevin Thomas McBride, a Principal Accounting Officer at ServiceNow, filed a Form 4 detailing changes in beneficial ownership.
- On May 7, 2025, McBride vested restricted stock units (RSUs) and subsequently relinquished shares to cover tax obligations.
- Specifically, 198 shares were vested from one RSU grant and another 334 shares from a separate RSU grant.
- A total of 95 and 159 shares were disposed of at a price of $983.29 to cover federal and state tax withholding obligations.
- Following these transactions, McBride directly owns 4,708 shares of ServiceNow common stock and holds 781 restricted stock units from one grant and 2,185 from another.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Monitoring insider transactions is a standard practice in corporate governance.
- Companies like Salesforce (CRM) and Workday (WDAY) also have executives who regularly file Form 4s.
- The frequency and nature of these filings are comparable across similar tech companies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- The filing provides transparency to shareholders regarding executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/07/2024 | First vesting date of 1/16th of the total shares quarterly for one of the restricted stock units. |
| 02/07/2023 | 29.17% of the shares subject to the restricted stock units vested on this date. |
| 05/07/2025 | Date of transactions: vesting of RSUs and disposal of shares for tax obligations. |
| 05/09/2025 | Date of Form 4 filing. |
Keywords
Form 4, ServiceNow, Insider Trading, Stock Options, RSU, Beneficial Ownership, Kevin Thomas McBride
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