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ServiceNow, Inc.

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2869
SEC CIK
0001373715
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1,900

Last 12 months

Inside the activity.

2 purchase rows · 29 sale rows

Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.
Monthly counts
MonthPurchasesSales
Nov 2025014
Dec 202501
Jan 202600
Feb 202624
Mar 202600
Apr 202601
May 202605
Jun 202600
Jul 202600
Aug 202604
Sep 202600
Oct 202600

Latest available

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateOwner / reported roleActivity / securityShares / unitsReported priceReported valueDetails
February 12, 2021 Filed Feb 17, 2021 22:29 UTC
Haverty KevinChief Revenue Officer
Exercise / conversionRestricted Stock Units · Derivative 377 $0.00 $0.00
Disclosure

SEC source: 0001373715-21-000064 · wf-form4_161360092611353.xml · derivative · entry 7

Haverty Kevin · CIK 0001820043 · Chief Revenue Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,011

Underlying: Common Stock · 377 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.

F4 · derivative.exercise_date: The restricted stock units vest as to 1/16th of the total shares quarterly, with the first vesting occurring on May 12, 2019, and subject to the continued service of the Reporting Person on each vesting date.

F4 · derivative.expiration_date: The restricted stock units vest as to 1/16th of the total shares quarterly, with the first vesting occurring on May 12, 2019, and subject to the continued service of the Reporting Person on each vesting date.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:29 UTC
Haverty KevinChief Revenue Officer
Exercise / conversionRestricted Stock Units · Derivative 1,894 $0.00 $0.00
Disclosure

SEC source: 0001373715-21-000064 · wf-form4_161360092611353.xml · derivative · entry 6

Haverty Kevin · CIK 0001820043 · Chief Revenue Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,571

Underlying: Common Stock · 1,894 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.

F3 · derivative.exercise_date: Acquired upon achievement of certain performance criteria pursuant to the performance-based restricted stock units granted February 12, 2019 under the Issuer's 2012 Equity Incentive Plan. The performance period for the restricted stock units was January 1, 2019 until December 31, 2019, with achievement of the applicable performance criteria subject to determination by the Issuer's Compensation Committee. This determination was obtained on January 27, 2020. As a result, 33.3% of the shares subject to the restricted stock units will vest on February 12, 2020, and 8.3% of the shares subject to the restricted stock units will vest quarterly thereafter until February 12, 2022, subject to the reporting person's continued service to the Issuer on each vesting date.

F3 · derivative.expiration_date: Acquired upon achievement of certain performance criteria pursuant to the performance-based restricted stock units granted February 12, 2019 under the Issuer's 2012 Equity Incentive Plan. The performance period for the restricted stock units was January 1, 2019 until December 31, 2019, with achievement of the applicable performance criteria subject to determination by the Issuer's Compensation Committee. This determination was obtained on January 27, 2020. As a result, 33.3% of the shares subject to the restricted stock units will vest on February 12, 2020, and 8.3% of the shares subject to the restricted stock units will vest quarterly thereafter until February 12, 2022, subject to the reporting person's continued service to the Issuer on each vesting date.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:29 UTC
Haverty KevinChief Revenue Officer
Tax withholdingCommon Stock 168 $591.29 $99,336.72
Disclosure

SEC source: 0001373715-21-000064 · wf-form4_161360092611353.xml · nonDerivative · entry 4

Haverty Kevin · CIK 0001820043 · Chief Revenue Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,806

F1 · shares: Represents shares relinquished by the Reporting Person in exchange for the Issuer's payment of federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs, in accordance with Rule 16b-3.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:29 UTC
Haverty KevinChief Revenue Officer
Exercise / conversionCommon Stock 377 $0.00 $0.00
Disclosure

SEC source: 0001373715-21-000064 · wf-form4_161360092611353.xml · nonDerivative · entry 3

Haverty Kevin · CIK 0001820043 · Chief Revenue Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,974

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:29 UTC
Haverty KevinChief Revenue Officer
Tax withholdingCommon Stock 840 $591.29 $496,683.60
Disclosure

SEC source: 0001373715-21-000064 · wf-form4_161360092611353.xml · nonDerivative · entry 2

Haverty Kevin · CIK 0001820043 · Chief Revenue Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,597

F1 · shares: Represents shares relinquished by the Reporting Person in exchange for the Issuer's payment of federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs, in accordance with Rule 16b-3.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:29 UTC
Haverty KevinChief Revenue Officer
Exercise / conversionCommon Stock 1,894 $0.00 $0.00
Disclosure

SEC source: 0001373715-21-000064 · wf-form4_161360092611353.xml · nonDerivative · entry 1

Haverty Kevin · CIK 0001820043 · Chief Revenue Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,437

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:49 UTC
Desai Chirantan JitendraChief Product Officer
Exercise / conversionRestricted Stock Units · Derivative 502 $0.00 $0.00
Disclosure

SEC source: 0001373715-21-000066 · wf-form4_161360214167366.xml · derivative · entry 7

Desai Chirantan Jitendra · CIK 0001661430 · Chief Product Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,015

Underlying: Common Stock · 502 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.

F5 · derivative.exercise_date: The restricted stock units vest as to 1/16th of the total shares quarterly, with the first vesting occurring on May 12, 2019, and subject to the continued service of the Reporting Person on each vesting date.

F5 · derivative.expiration_date: The restricted stock units vest as to 1/16th of the total shares quarterly, with the first vesting occurring on May 12, 2019, and subject to the continued service of the Reporting Person on each vesting date.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:49 UTC
Desai Chirantan JitendraChief Product Officer
Exercise / conversionRestricted Stock Units · Derivative 2,525 $0.00 $0.00
Disclosure

SEC source: 0001373715-21-000066 · wf-form4_161360214167366.xml · derivative · entry 6

Desai Chirantan Jitendra · CIK 0001661430 · Chief Product Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,097

Underlying: Common Stock · 2,525 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.

F4 · derivative.exercise_date: Acquired upon achievement of certain performance criteria pursuant to the performance-based restricted stock units granted February 12, 2019 under the Issuer's 2012 Equity Incentive Plan. The performance period for the restricted stock units was January 1, 2019 until December 31, 2019, with achievement of the applicable performance criteria subject to determination by the Issuer's Compensation Committee. This determination was obtained on January 27, 2020. As a result, 33.3% of the shares subject to the restricted stock units will vest on February 12, 2020, and 8.3% of the shares subject to the restricted stock units will vest quarterly thereafter until February 12, 2022, subject to the reporting person's continued service to the Issuer on each vesting date.

F4 · derivative.expiration_date: Acquired upon achievement of certain performance criteria pursuant to the performance-based restricted stock units granted February 12, 2019 under the Issuer's 2012 Equity Incentive Plan. The performance period for the restricted stock units was January 1, 2019 until December 31, 2019, with achievement of the applicable performance criteria subject to determination by the Issuer's Compensation Committee. This determination was obtained on January 27, 2020. As a result, 33.3% of the shares subject to the restricted stock units will vest on February 12, 2020, and 8.3% of the shares subject to the restricted stock units will vest quarterly thereafter until February 12, 2022, subject to the reporting person's continued service to the Issuer on each vesting date.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:49 UTC
Desai Chirantan JitendraChief Product Officer
Tax withholdingCommon Stock 249 $591.29 $147,231.21
Disclosure

SEC source: 0001373715-21-000066 · wf-form4_161360214167366.xml · nonDerivative · entry 4

Desai Chirantan Jitendra · CIK 0001661430 · Chief Product Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,372

F1 · shares: Represents shares relinquished by the Reporting Person in exchange for the Issuer's payment of federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs, in accordance with Rule 16b-3.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:49 UTC
Desai Chirantan JitendraChief Product Officer
Exercise / conversionCommon Stock 502 $0.00 $0.00
Disclosure

SEC source: 0001373715-21-000066 · wf-form4_161360214167366.xml · nonDerivative · entry 3

Desai Chirantan Jitendra · CIK 0001661430 · Chief Product Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,621

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:49 UTC
Desai Chirantan JitendraChief Product Officer
Tax withholdingCommon Stock 1,252 $591.29 $740,295.08
Disclosure

SEC source: 0001373715-21-000066 · wf-form4_161360214167366.xml · nonDerivative · entry 2

Desai Chirantan Jitendra · CIK 0001661430 · Chief Product Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 34,119

F1 · shares: Represents shares relinquished by the Reporting Person in exchange for the Issuer's payment of federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs, in accordance with Rule 16b-3.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:49 UTC
Desai Chirantan JitendraChief Product Officer
Exercise / conversionCommon Stock 2,525 $0.00 $0.00
Disclosure

SEC source: 0001373715-21-000066 · wf-form4_161360214167366.xml · nonDerivative · entry 1

Desai Chirantan Jitendra · CIK 0001661430 · Chief Product Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 35,371

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:52 UTC
Goon Fay SienPrincipal Accounting Officer
Exercise / conversionRestricted Stock Units · Derivative 65 $0.00 $0.00
Disclosure

SEC source: 0001373715-21-000068 · wf-form4_161360231737610.xml · derivative · entry 12

Goon Fay Sien · CIK 0001769660 · Principal Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 659

Underlying: Common Stock · 65 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.

F6 · derivative.exercise_date: The restricted stock units vest as to 1/16th of the total shares quarterly, with the first vest occurring on November 12, 2019, and subject to the continued service of the Reporting Person on each vesting date.

F6 · derivative.expiration_date: The restricted stock units vest as to 1/16th of the total shares quarterly, with the first vest occurring on November 12, 2019, and subject to the continued service of the Reporting Person on each vesting date.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:52 UTC
Goon Fay SienPrincipal Accounting Officer
Exercise / conversionRestricted Stock Units · Derivative 263 $0.00 $0.00
Disclosure

SEC source: 0001373715-21-000068 · wf-form4_161360231737610.xml · derivative · entry 11

Goon Fay Sien · CIK 0001769660 · Principal Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,109

Underlying: Common Stock · 263 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.

F5 · derivative.exercise_date: The restricted stock units vest as to 18.75% of the total shares on November 12, 2019 and thereafter shall vest in equal quarterly installments over the next three (3) years.

F5 · derivative.expiration_date: The restricted stock units vest as to 18.75% of the total shares on November 12, 2019 and thereafter shall vest in equal quarterly installments over the next three (3) years.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:52 UTC
Goon Fay SienPrincipal Accounting Officer
Exercise / conversionRestricted Stock Units · Derivative 625 $0.00 $0.00
Disclosure

SEC source: 0001373715-21-000068 · wf-form4_161360231737610.xml · derivative · entry 10

Goon Fay Sien · CIK 0001769660 · Principal Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,250

Underlying: Common Stock · 625 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.

F4 · derivative.exercise_date: The restricted stock units vest as to 12.5% of the total shares on November 12, 2019 and thereafter shall vest in equal quarterly installments, ending on August 12, 2021.

F4 · derivative.expiration_date: The restricted stock units vest as to 12.5% of the total shares on November 12, 2019 and thereafter shall vest in equal quarterly installments, ending on August 12, 2021.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:52 UTC
Goon Fay SienPrincipal Accounting Officer
Exercise / conversionRestricted Stock Units · Derivative 143 $0.00 $0.00
Disclosure

SEC source: 0001373715-21-000068 · wf-form4_161360231737610.xml · derivative · entry 9

Goon Fay Sien · CIK 0001769660 · Principal Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 567

Underlying: Common Stock · 143 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.

F3 · derivative.exercise_date: Acquired upon achievement of certain performance criteria pursuant to the performance-based restricted stock units granted August 12, 2019 under the Issuer's 2012 Equity Incentive Plan. The performanceperiod for the restricted stock units was January 1, 2019 until December 31, 2019, with achievement of the applicable performance criteria subject to determination by the Issuer's Compensation Committee. This determination was obtained on January 27, 2020. As a result, 33.3% of the shares subject to the restricted stock units will vest on February 12, 2020, and 8.3% of the shares subject to the restricted stock units will vest quarterly thereafter until February 12, 2022, subject to the reporting person's continued service to the Issuer on each vesting date.

F3 · derivative.expiration_date: Acquired upon achievement of certain performance criteria pursuant to the performance-based restricted stock units granted August 12, 2019 under the Issuer's 2012 Equity Incentive Plan. The performanceperiod for the restricted stock units was January 1, 2019 until December 31, 2019, with achievement of the applicable performance criteria subject to determination by the Issuer's Compensation Committee. This determination was obtained on January 27, 2020. As a result, 33.3% of the shares subject to the restricted stock units will vest on February 12, 2020, and 8.3% of the shares subject to the restricted stock units will vest quarterly thereafter until February 12, 2022, subject to the reporting person's continued service to the Issuer on each vesting date.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:52 UTC
Goon Fay SienPrincipal Accounting Officer
Tax withholdingCommon Stock 23 $591.29 $13,599.67
Disclosure

SEC source: 0001373715-21-000068 · wf-form4_161360231737610.xml · nonDerivative · entry 8

Goon Fay Sien · CIK 0001769660 · Principal Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,367

F1 · shares: Represents shares relinquished by the Reporting Person in exchange for the Issuer's payment of federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs, in accordance with Rule 16b-3.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:52 UTC
Goon Fay SienPrincipal Accounting Officer
Exercise / conversionCommon Stock 65 $0.00 $0.00
Disclosure

SEC source: 0001373715-21-000068 · wf-form4_161360231737610.xml · nonDerivative · entry 7

Goon Fay Sien · CIK 0001769660 · Principal Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,390

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:52 UTC
Goon Fay SienPrincipal Accounting Officer
Tax withholdingCommon Stock 91 $591.29 $53,807.39
Disclosure

SEC source: 0001373715-21-000068 · wf-form4_161360231737610.xml · nonDerivative · entry 6

Goon Fay Sien · CIK 0001769660 · Principal Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,325

F1 · shares: Represents shares relinquished by the Reporting Person in exchange for the Issuer's payment of federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs, in accordance with Rule 16b-3.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:52 UTC
Goon Fay SienPrincipal Accounting Officer
Exercise / conversionCommon Stock 263 $0.00 $0.00
Disclosure

SEC source: 0001373715-21-000068 · wf-form4_161360231737610.xml · nonDerivative · entry 5

Goon Fay Sien · CIK 0001769660 · Principal Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,416

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:52 UTC
Goon Fay SienPrincipal Accounting Officer
Tax withholdingCommon Stock 217 $591.29 $128,309.93
Disclosure

SEC source: 0001373715-21-000068 · wf-form4_161360231737610.xml · nonDerivative · entry 4

Goon Fay Sien · CIK 0001769660 · Principal Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,153

F1 · shares: Represents shares relinquished by the Reporting Person in exchange for the Issuer's payment of federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs, in accordance with Rule 16b-3.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:52 UTC
Goon Fay SienPrincipal Accounting Officer
Exercise / conversionCommon Stock 625 $0.00 $0.00
Disclosure

SEC source: 0001373715-21-000068 · wf-form4_161360231737610.xml · nonDerivative · entry 3

Goon Fay Sien · CIK 0001769660 · Principal Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,370

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:52 UTC
Goon Fay SienPrincipal Accounting Officer
Tax withholdingCommon Stock 50 $591.29 $29,564.50
Disclosure

SEC source: 0001373715-21-000068 · wf-form4_161360231737610.xml · nonDerivative · entry 2

Goon Fay Sien · CIK 0001769660 · Principal Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,745

F1 · shares: Represents shares relinquished by the Reporting Person in exchange for the Issuer's payment of federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs, in accordance with Rule 16b-3.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:52 UTC
Goon Fay SienPrincipal Accounting Officer
Exercise / conversionCommon Stock 143 $0.00 $0.00
Disclosure

SEC source: 0001373715-21-000068 · wf-form4_161360231737610.xml · nonDerivative · entry 1

Goon Fay Sien · CIK 0001769660 · Principal Accounting Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,795

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:56 UTC
McDermott William RDirector · President & CEO
Exercise / conversionRestricted Stock Units · Derivative 3,196 $0.00 $0.00
Disclosure

SEC source: 0001373715-21-000070 · wf-form4_161360255201500.xml · derivative · entry 4

McDermott William R · CIK 0001334944 · Director · President & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 47,944

Underlying: Common Stock · 3,196 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.

F3 · derivative.exercise_date: The restricted stock units vest as to one-fifth (1/5) of the total shares on November 15, 2020 and thereafter shall vest in 16 equal quarterly installments commencing on February 15, 2021, subject to the continued employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting. For additional details about vesting conditions, please refer to the employment agreement between the Issuer and the Reporting Person.

F3 · derivative.expiration_date: The restricted stock units vest as to one-fifth (1/5) of the total shares on November 15, 2020 and thereafter shall vest in 16 equal quarterly installments commencing on February 15, 2021, subject to the continued employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting. For additional details about vesting conditions, please refer to the employment agreement between the Issuer and the Reporting Person.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:56 UTC
McDermott William RDirector · President & CEO
Tax withholdingCommon Stock 1,585 $591.29 $937,194.65
Disclosure

SEC source: 0001373715-21-000070 · wf-form4_161360255201500.xml · nonDerivative · entry 2

McDermott William R · CIK 0001334944 · Director · President & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,611

F1 · shares: Represents shares relinquished by the Reporting Person in exchange for the Issuer's payment of federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs, in accordance with Rule 16b-3.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 22:56 UTC
McDermott William RDirector · President & CEO
Exercise / conversionCommon Stock 3,196 $0.00 $0.00
Disclosure

SEC source: 0001373715-21-000070 · wf-form4_161360255201500.xml · nonDerivative · entry 1

McDermott William R · CIK 0001334944 · Director · President & CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,196

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 18:01 UTC
ELMER RUSSELL SGeneral Counsel
Exercise / conversionRestricted Stock Units · Derivative 220 $0.00 $0.00
Disclosure

SEC source: 0001373715-21-000072 · wf-form4_161360287041999.xml · derivative · entry 6

ELMER RUSSELL S · CIK 0001197952 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,757

Underlying: Common Stock · 220 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.

F4 · derivative.exercise_date: The restricted stock units vest as to 1/16th of the total shares quarterly, with the first vesting occurring on May 12, 2019, and subject to the continued service of the Reporting Person on each vesting date.

F4 · derivative.expiration_date: The restricted stock units vest as to 1/16th of the total shares quarterly, with the first vesting occurring on May 12, 2019, and subject to the continued service of the Reporting Person on each vesting date.

Read SEC document
February 12, 2021 Filed Feb 17, 2021 18:01 UTC
ELMER RUSSELL SGeneral Counsel
Exercise / conversionRestricted Stock Units · Derivative 1,105 $0.00 $0.00
Disclosure

SEC source: 0001373715-21-000072 · wf-form4_161360287041999.xml · derivative · entry 5

ELMER RUSSELL S · CIK 0001197952 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,416

Underlying: Common Stock · 1,105 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock.

F3 · derivative.exercise_date: Acquired upon achievement of certain performance criteria pursuant to the performance-based restricted stock units granted February 12, 2019 under the Issuer's 2012 Equity Incentive Plan. The performance period for the restricted stock units was January 1, 2019 until December 31, 2019, with achievement of the applicable performance criteria subject to determination by the Issuer's Compensation Committee. This determination was obtained on January 27, 2020. As a result, 33.3% of the shares subject to the restricted stock units will vest on February 12, 2020, and 8.3% of the shares subject to the restricted stock units will vest quarterly thereafter until February 12, 2022, subject to the reporting person's continued service to the Issuer on each vesting date.

F3 · derivative.expiration_date: Acquired upon achievement of certain performance criteria pursuant to the performance-based restricted stock units granted February 12, 2019 under the Issuer's 2012 Equity Incentive Plan. The performance period for the restricted stock units was January 1, 2019 until December 31, 2019, with achievement of the applicable performance criteria subject to determination by the Issuer's Compensation Committee. This determination was obtained on January 27, 2020. As a result, 33.3% of the shares subject to the restricted stock units will vest on February 12, 2020, and 8.3% of the shares subject to the restricted stock units will vest quarterly thereafter until February 12, 2022, subject to the reporting person's continued service to the Issuer on each vesting date.

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February 12, 2021 Filed Feb 17, 2021 18:01 UTC
ELMER RUSSELL SGeneral Counsel
Tax withholdingCommon Stock 110 $591.29 $65,041.90
Disclosure

SEC source: 0001373715-21-000072 · wf-form4_161360287041999.xml · nonDerivative · entry 4

ELMER RUSSELL S · CIK 0001197952 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,654

F1 · shares: Represents shares relinquished by the Reporting Person in exchange for the Issuer's payment of federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs, in accordance with Rule 16b-3.

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February 12, 2021 Filed Feb 17, 2021 18:01 UTC
ELMER RUSSELL SGeneral Counsel
Exercise / conversionCommon Stock 220 $0.00 $0.00
Disclosure

SEC source: 0001373715-21-000072 · wf-form4_161360287041999.xml · nonDerivative · entry 3

ELMER RUSSELL S · CIK 0001197952 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,764

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

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February 12, 2021 Filed Feb 17, 2021 18:01 UTC
ELMER RUSSELL SGeneral Counsel
Tax withholdingCommon Stock 430 $591.29 $254,254.70
Disclosure

SEC source: 0001373715-21-000072 · wf-form4_161360287041999.xml · nonDerivative · entry 2

ELMER RUSSELL S · CIK 0001197952 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,544

F1 · shares: Represents shares relinquished by the Reporting Person in exchange for the Issuer's payment of federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs, in accordance with Rule 16b-3.

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February 12, 2021 Filed Feb 17, 2021 18:01 UTC
ELMER RUSSELL SGeneral Counsel
Exercise / conversionCommon Stock 1,105 $0.00 $0.00
Disclosure

SEC source: 0001373715-21-000072 · wf-form4_161360287041999.xml · nonDerivative · entry 1

ELMER RUSSELL S · CIK 0001197952 · General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,974

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

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February 09, 2021 Filed Feb 10, 2021 23:51 UTC SaleCommon Stock 108 $586.70 $63,363.55
Disclosure

SEC source: 0001373715-21-000044 · wf-form4_161300110368993.xml · nonDerivative · entry 20

LUDDY FREDERIC B · CIK 0001259158 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Luddy Family Dynasty Trust LLC

Disclosed balance after: 52,200

F1 · kind: The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2 · shares: Represents the aggregate of sales effected on the same day at different prices pursuant to the 10b5-1 trading plan noted in footnote (1).

F22 · price: Represents the weighted average sales price per share. The shares sold at prices ranging from $586.47 to $587.14 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

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February 09, 2021 Filed Feb 10, 2021 23:51 UTC SaleCommon Stock 291 $584.86 $170,193.71
Disclosure

SEC source: 0001373715-21-000044 · wf-form4_161300110368993.xml · nonDerivative · entry 19

LUDDY FREDERIC B · CIK 0001259158 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Luddy Family Dynasty Trust LLC

Disclosed balance after: 52,308

F1 · kind: The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2 · shares: Represents the aggregate of sales effected on the same day at different prices pursuant to the 10b5-1 trading plan noted in footnote (1).

F21 · price: Represents the weighted average sales price per share. The shares sold at prices ranging from $584.56 to $585.48 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

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February 09, 2021 Filed Feb 10, 2021 23:51 UTC SaleCommon Stock 184 $583.74 $107,407.96
Disclosure

SEC source: 0001373715-21-000044 · wf-form4_161300110368993.xml · nonDerivative · entry 18

LUDDY FREDERIC B · CIK 0001259158 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Luddy Family Dynasty Trust LLC

Disclosed balance after: 52,599

F1 · kind: The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2 · shares: Represents the aggregate of sales effected on the same day at different prices pursuant to the 10b5-1 trading plan noted in footnote (1).

F20 · price: Represents the weighted average sales price per share. The shares sold at prices ranging from $583.25 to $583.88 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

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February 09, 2021 Filed Feb 10, 2021 23:51 UTC SaleCommon Stock 271 $582.48 $157,852.95
Disclosure

SEC source: 0001373715-21-000044 · wf-form4_161300110368993.xml · nonDerivative · entry 17

LUDDY FREDERIC B · CIK 0001259158 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Luddy Family Dynasty Trust LLC

Disclosed balance after: 52,783

F1 · kind: The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2 · shares: Represents the aggregate of sales effected on the same day at different prices pursuant to the 10b5-1 trading plan noted in footnote (1).

F19 · price: Represents the weighted average sales price per share. The shares sold at prices ranging from $582.25 to $583.16 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

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February 09, 2021 Filed Feb 10, 2021 23:51 UTC SaleCommon Stock 111 $581.33 $64,527.27
Disclosure

SEC source: 0001373715-21-000044 · wf-form4_161300110368993.xml · nonDerivative · entry 16

LUDDY FREDERIC B · CIK 0001259158 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Luddy Family Dynasty Trust LLC

Disclosed balance after: 53,054

F1 · kind: The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2 · shares: Represents the aggregate of sales effected on the same day at different prices pursuant to the 10b5-1 trading plan noted in footnote (1).

F18 · price: Represents the weighted average sales price per share. The shares sold at prices ranging from $581.15 to $581.49 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

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February 09, 2021 Filed Feb 10, 2021 23:51 UTC SaleCommon Stock 195 $580.36 $113,169.42
Disclosure

SEC source: 0001373715-21-000044 · wf-form4_161300110368993.xml · nonDerivative · entry 15

LUDDY FREDERIC B · CIK 0001259158 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Luddy Family Dynasty Trust LLC

Disclosed balance after: 53,165

F1 · kind: The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2 · shares: Represents the aggregate of sales effected on the same day at different prices pursuant to the 10b5-1 trading plan noted in footnote (1).

F17 · price: Represents the weighted average sales price per share. The shares sold at prices ranging from $580.14 to $581.07 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

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February 09, 2021 Filed Feb 10, 2021 23:51 UTC SaleCommon Stock 170 $579.32 $98,484.76
Disclosure

SEC source: 0001373715-21-000044 · wf-form4_161300110368993.xml · nonDerivative · entry 14

LUDDY FREDERIC B · CIK 0001259158 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Luddy Family Dynasty Trust LLC

Disclosed balance after: 53,360

F1 · kind: The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2 · shares: Represents the aggregate of sales effected on the same day at different prices pursuant to the 10b5-1 trading plan noted in footnote (1).

F16 · price: Represents the weighted average sales price per share. The shares sold at prices ranging from $579.00 to $579.95 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

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February 09, 2021 Filed Feb 10, 2021 23:51 UTC SaleCommon Stock 84 $577.99 $48,551.41
Disclosure

SEC source: 0001373715-21-000044 · wf-form4_161300110368993.xml · nonDerivative · entry 13

LUDDY FREDERIC B · CIK 0001259158 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Luddy Family Dynasty Trust LLC

Disclosed balance after: 53,530

F1 · kind: The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2 · shares: Represents the aggregate of sales effected on the same day at different prices pursuant to the 10b5-1 trading plan noted in footnote (1).

F15 · price: Represents the weighted average sales price per share. The shares sold at prices ranging from $577.98 to $578.345 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

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February 09, 2021 Filed Feb 10, 2021 23:51 UTC SaleCommon Stock 86 $576.88 $49,611.48
Disclosure

SEC source: 0001373715-21-000044 · wf-form4_161300110368993.xml · nonDerivative · entry 12

LUDDY FREDERIC B · CIK 0001259158 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Luddy Family Dynasty Trust LLC

Disclosed balance after: 53,614

F1 · kind: The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2 · shares: Represents the aggregate of sales effected on the same day at different prices pursuant to the 10b5-1 trading plan noted in footnote (1).

F14 · price: Represents the weighted average sales price per share. The shares sold at prices ranging from $576.69 to $577.45 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

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February 09, 2021 Filed Feb 10, 2021 23:51 UTC SaleCommon Stock 271 $588.06 $159,365.45
Disclosure

SEC source: 0001373715-21-000044 · wf-form4_161300110368993.xml · nonDerivative · entry 11

LUDDY FREDERIC B · CIK 0001259158 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Frederic B. Luddy Family Trust

Disclosed balance after: 387,483

F1 · kind: The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2 · shares: Represents the aggregate of sales effected on the same day at different prices pursuant to the 10b5-1 trading plan noted in footnote (1).

F13 · price: Represents the weighted average sales price per share. The shares sold at prices ranging from $587.42 to $588.16 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

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February 09, 2021 Filed Feb 10, 2021 23:51 UTC SaleCommon Stock 949 $586.79 $556,863.71
Disclosure

SEC source: 0001373715-21-000044 · wf-form4_161300110368993.xml · nonDerivative · entry 10

LUDDY FREDERIC B · CIK 0001259158 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Frederic B. Luddy Family Trust

Disclosed balance after: 387,754

F1 · kind: The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2 · shares: Represents the aggregate of sales effected on the same day at different prices pursuant to the 10b5-1 trading plan noted in footnote (1).

F12 · price: Represents the weighted average sales price per share. The shares sold at prices ranging from $586.26 to $587.14 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

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February 09, 2021 Filed Feb 10, 2021 23:51 UTC SaleCommon Stock 768 $585.64 $449,771.52
Disclosure

SEC source: 0001373715-21-000044 · wf-form4_161300110368993.xml · nonDerivative · entry 9

LUDDY FREDERIC B · CIK 0001259158 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Frederic B. Luddy Family Trust

Disclosed balance after: 388,703

F1 · kind: The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2 · shares: Represents the aggregate of sales effected on the same day at different prices pursuant to the 10b5-1 trading plan noted in footnote (1).

F11 · price: Represents the weighted average sales price per share. The shares sold at prices ranging from $585.085 to $586.07 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

Read SEC document
February 09, 2021 Filed Feb 10, 2021 23:51 UTC SaleCommon Stock 2,151 $584.60 $1,257,481.27
Disclosure

SEC source: 0001373715-21-000044 · wf-form4_161300110368993.xml · nonDerivative · entry 8

LUDDY FREDERIC B · CIK 0001259158 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Frederic B. Luddy Family Trust

Disclosed balance after: 389,471

F1 · kind: The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2 · shares: Represents the aggregate of sales effected on the same day at different prices pursuant to the 10b5-1 trading plan noted in footnote (1).

F10 · price: Represents the weighted average sales price per share. The shares sold at prices ranging from $584.04 to $584.90 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

Read SEC document
February 09, 2021 Filed Feb 10, 2021 23:51 UTC SaleCommon Stock 2,087 $583.25 $1,217,242.75
Disclosure

SEC source: 0001373715-21-000044 · wf-form4_161300110368993.xml · nonDerivative · entry 7

LUDDY FREDERIC B · CIK 0001259158 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Frederic B. Luddy Family Trust

Disclosed balance after: 391,622

F1 · kind: The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2 · shares: Represents the aggregate of sales effected on the same day at different prices pursuant to the 10b5-1 trading plan noted in footnote (1).

F9 · price: Represents the weighted average sales price per share. The shares sold at prices ranging from $583.00 to $583.70 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

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February 09, 2021 Filed Feb 10, 2021 23:51 UTC SaleCommon Stock 2,519 $582.37 $1,466,983.23
Disclosure

SEC source: 0001373715-21-000044 · wf-form4_161300110368993.xml · nonDerivative · entry 6

LUDDY FREDERIC B · CIK 0001259158 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Frederic B. Luddy Family Trust

Disclosed balance after: 393,709

F1 · kind: The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2 · shares: Represents the aggregate of sales effected on the same day at different prices pursuant to the 10b5-1 trading plan noted in footnote (1).

F8 · price: Represents the weighted average sales price per share. The shares sold at prices ranging from $581.91 to $582.835 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

Read SEC document
February 09, 2021 Filed Feb 10, 2021 23:51 UTC SaleCommon Stock 919 $581.45 $534,354.48
Disclosure

SEC source: 0001373715-21-000044 · wf-form4_161300110368993.xml · nonDerivative · entry 5

LUDDY FREDERIC B · CIK 0001259158 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Frederic B. Luddy Family Trust

Disclosed balance after: 396,228

F1 · kind: The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2 · shares: Represents the aggregate of sales effected on the same day at different prices pursuant to the 10b5-1 trading plan noted in footnote (1).

F7 · price: Represents the weighted average sales price per share. The shares sold at prices ranging from $580.87 to $581.77 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

Read SEC document
February 09, 2021 Filed Feb 10, 2021 23:51 UTC SaleCommon Stock 2,178 $580.18 $1,263,630.73
Disclosure

SEC source: 0001373715-21-000044 · wf-form4_161300110368993.xml · nonDerivative · entry 4

LUDDY FREDERIC B · CIK 0001259158 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Frederic B. Luddy Family Trust

Disclosed balance after: 397,147

F1 · kind: The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2 · shares: Represents the aggregate of sales effected on the same day at different prices pursuant to the 10b5-1 trading plan noted in footnote (1).

F6 · price: Represents the weighted average sales price per share. The shares sold at prices ranging from $579.78 to $580.65 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.

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Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.