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On February 15, 2023, ServiceNow (NYSE: NOW) announced that its Compensation Committee granted equity awards to 372 newly hired employees, totaling 106,051 restricted stock units. These awards are part of the 2022 New-Hire Equity Incentive Plan and feature a four-year vesting schedule, with vesting occurring quarterly or biannually based on unit allocation. This initiative aims to attract talent and enhance employee retention, reinforcing ServiceNow's position as a leading digital workflow company.
Positive
Granting of 106,051 restricted stock units to 372 new employees supports talent acquisition and retention.
Initiative demonstrates commitment to employee engagement through equity incentives.
Negative
None.
SANTA CLARA, Calif.--(BUSINESS WIRE)--
ServiceNow (NYSE: NOW), the leading digital workflow company making the world work better for everyone, today announced that on Feb. 15, 2023, its Compensation Committee granted equity awards pursuant to the ServiceNow 2022 New-Hire Equity Incentive Plan. Three hundred seventy-two newly hired employees received, in the aggregate, restricted stock units representing 106,051 shares of ServiceNow common stock. These awards have a four-year vesting schedule, with vesting on a pro rata basis occurring either quarterly or biannually thereafter depending on the number of restricted stock units the new employee was granted.
About ServiceNow
ServiceNow (NYSE: NOW) makes the world work better for everyone. Our cloud-based platform and solutions help digitize and unify organizations so that they can find smarter, faster, better ways to make work flow. So employees and customers can be more connected, more innovative, and more agile. And we can all create the future we imagine. The world works with ServiceNow™. For more information, visit: www.servicenow.com.
