Form 4: ServiceNow Executive Russell Elmer Reports Stock Transactions
SEC Form 4 Filing
Russell Elmer, General Counsel of ServiceNow, reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of company stock.
Summary
- On May 10, 2024, Russell Elmer, the General Counsel of ServiceNow, engaged in transactions involving ServiceNow's common stock.
- He acquired 136 shares through the vesting of restricted stock units (RSUs).
- Simultaneously, he disposed of 74 shares to cover federal and state tax withholding obligations related to the RSU vesting, with the shares sold at a price of $729.79.
- Following these transactions, Elmer's direct ownership of ServiceNow common stock is 8,592 shares, and he holds 956 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Key Dates
| Date | Description |
|---|---|
| May 12, 2022 | First vesting date of the restricted stock units, with 1/16th of the total shares vesting quarterly thereafter. |
| May 10, 2024 | Date of the reported transactions: RSU vesting and shares relinquished for tax withholding. |
| May 14, 2024 | Date of signature on the Form 4 filing. |
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.