ServiceNow, Inc. Chairman and CEO William R. McDermott filed a Form 4 on October 28, 2026, disclosing the acquisition of 349,900 restricted stock units on October 26, 2026.

Key Highlights

  • Grant date: October 26, 2026, with 349,900 restricted stock units acquired by William R. McDermott.
  • Price: The RSUs were acquired at a price of $0.
  • Vesting schedule: 25% on December 31, 2027; 35% on December 31, 2028; and 40% on December 31, 2029, subject to continued service.
  • Security type: Each RSU represents a contingent right to receive one share of ServiceNow common stock.
  • Post-transaction holdings: McDermott beneficially owns 349,900 derivative securities following the reported transaction, held directly.
  • Role: McDermott is identified in the filing as both a Director and Officer, serving as Chairman and CEO of ServiceNow, Inc.

ServiceNow Awards McDermott 349,900 RSUs with Multi-Year Vesting

According to the Form 4 filed with the SEC on October 28, 2026, William R. McDermott, Chairman and CEO of ServiceNow, Inc. (NYSE:NOW), received a grant of 349,900 restricted stock units on October 26, 2026. The filing reports the transaction code as "A," indicating an acquisition, at a price of $0. Each RSU represents a contingent right to receive one share of the issuer's common stock, according to the filing's explanation of responses.

The filing discloses a three-tranche vesting schedule: 25% of the RSUs are scheduled to vest on December 31, 2027; 35% on December 31, 2028; and the remaining 40% on December 31, 2029. Each tranche is described as "subject to the reporting person's continued service to the Issuer through each vesting date." No shares under Table I (non-derivative securities) were reported as acquired or disposed of in connection with this transaction.

Following the reported transaction, McDermott beneficially owns 349,900 derivative securities in a direct ownership form. The Form 4 was signed by Hossein Nowbar as Attorney-in-Fact on behalf of William R. McDermott and dated October 28, 2026.

What Was Disclosed

The filing disclosed the grant of 349,900 RSUs to ServiceNow Chairman and CEO William R. McDermott on October 26, 2026, at $0 per unit, with vesting in three tranches through December 31, 2029, contingent on continued service.