Form 4: ServiceNow's President & COO, Chirantan Desai, Reports Stock Transactions
SEC Form 4 Filing
Chirantan Desai, President & COO of ServiceNow, reports the acquisition and disposal of common stock and restricted stock units on May 10, 2024.
Summary
- On May 10, 2024, Chirantan Jitendra Desai, President & COO of ServiceNow, engaged in transactions involving ServiceNow's common stock and restricted stock units (RSUs).
- Desai acquired 341 shares of common stock upon the vesting of restricted stock units.
- Desai disposed of 171 shares of common stock to cover federal and state tax withholding obligations related to the vesting of RSUs at a price of $729.79 per share.
- Following these transactions, Desai directly owns 46,906 shares of ServiceNow common stock.
- Desai also holds 2,388 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/12/2022 | First vesting date of restricted stock units. |
| 05/10/2024 | Date of stock and derivative transactions. |
| 05/14/2024 | Date of signature for the Form 4 filing. |
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