McDermott William R bought NOW
July 24, 2025 · Form 4 insider transaction
McDermott William R bought 69,384 shares of ServiceNow, Inc. at $697.76 per share, a transaction worth $48.41M. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
Footnotes
As the Issuer has previously disclosed, on October 29, 2021, a Performance Stock Option (PSO) was granted to the Reporting Person. The Issuer also disclosed that there are eight separate tranches to the PSO and any tranche may vest only if both subscription revenue and stock price performance metrics are met, in addition to service requirements. The performance period ends September 30, 2026. On July 24, 2025, the Issuer's Compensation Committee certified achievement of the subscription revenue metric for Tranche Five of the PSO. Despite having met this performance metric, the shares for Tranche Five have not yet vested. They may vest, if at all, only if: (i) the achievement of the applicable stock price metric is certified; and (ii) the Reporting Person is either Chief Executive Officer or Executive Chairman of the Issuer on such vesting date. As of July 24, 2025, 277,536 of the options are fully vested and remain exercisable.