ServiceNow Reports New Hire Equity Grants

Rhea-AI Summary

ServiceNow (NYSE: NOW) announced on December 15, 2022, that its Compensation Committee granted equity awards to 196 new employees. In total, these awards represent 47,834 shares of common stock, part of the 2022 New-Hire Equity Incentive Plan. The shares will have a four-year vesting schedule, with 29.17% vesting after one year and the remainder vesting quarterly thereafter. This initiative is aimed at incentivizing new hires and aligning their interests with long-term company performance.

Positive

• Granting of equity awards signifies commitment to new employees.
• Aligns employees' interests with long-term company performance.

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 Dec. 15, 2022, its Compensation Committee granted equity awards pursuant to the ServiceNow 2022 New-Hire Equity Incentive Plan. 196 newly hired employees received, in the aggregate, restricted stock units representing 47,834 shares of ServiceNow common stock. These awards have a four-year vesting schedule, with 29.17 percent of the shares vesting after the one-year anniversary of the grant date and the remaining shares vesting quarterly thereafter.

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.

© 2022 ServiceNow, Inc. All rights reserved. ServiceNow, the ServiceNow logo, Now, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries. Other company names, product names, and logos may be trademarks of the respective companies with which they are associated.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221216005020/en/

Media Contact:

Emily Scher

408.916.6566

press@servicenow.com

Investor Contact:

Darren Yip

925.388.7205

ir@servicenow.com

Source: ServiceNow

FAQ

What is the significance of the equity awards by ServiceNow on December 15, 2022?

The equity awards are intended to incentivize new employees and align their interests with the company's long-term performance.

How many shares were granted to new employees at ServiceNow?

ServiceNow granted a total of 47,834 shares to 196 new employees.

What is the vesting schedule for the equity awards at ServiceNow?

The equity awards have a four-year vesting schedule, with 29.17% vesting after one year and the remaining shares vesting quarterly thereafter.

Which plan did the equity awards fall under at ServiceNow?

The awards were granted under the 2022 New-Hire Equity Incentive Plan.

How does ServiceNow's new hire equity incentive impact employees?

It incentivizes new hires and aligns their interests with the company's long-term growth and performance.