Form 4: ServiceNow Executive Nicholas Tzitzon Reports Stock Transactions
SEC Form 4
Nicholas Tzitzon, Chief Strategy & Corporate Affairs Officer at ServiceNow, reports the vesting and tax-related disposal of restricted stock units.
Summary
- On February 7, 2025, Nicholas Tzitzon, Chief Strategy & Corporate Affairs Officer of ServiceNow, engaged in transactions involving ServiceNow's common stock.
- These transactions included the vesting of 71 and 438 restricted stock units (RSUs) and the subsequent disposal of shares to cover tax obligations.
- Specifically, 25 and 131 shares were relinquished to cover federal and state tax withholding obligations.
- Following these transactions, Tzitzon directly owns 4,002 shares of ServiceNow common stock and 3,070 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they represent a small fraction of the total outstanding shares.
- Employees may be interested in the vesting schedules of RSUs as part of their compensation packages.
Key Dates
| Date | Description |
|---|---|
| 05/07/2021 | First vesting date for 1/16th of the total shares of some restricted stock units. |
| 05/07/2024 | 3.33% of the shares subject to the restricted stock units will vest. |
| 08/07/2024 | 3.33% of the shares subject to the restricted stock units will vest. |
| 11/07/2024 | 3.34% of the shares subject to the restricted stock units will vest. |
| 02/07/2025 | Date of reported transactions: vesting of RSUs and disposal of shares for tax obligations. |
| 02/07/2025 | Remaining 90% of the shares subject to the restricted stock units will vest quarterly beginning on this date. |
| 02/11/2025 | Date of signature for the Form 4 filing. |
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