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On November 15, 2022, ServiceNow (NYSE: NOW) granted equity awards under its 2022 New-Hire Equity Incentive Plan to 379 new employees. This resulted in a total of 107,719 restricted stock units being issued, which will vest over a four-year period. Vesting begins with 25% after one year, followed by quarterly or bi-annual vesting based on the number of units granted. This initiative continues to enhance employee retention and investment in talent for the company.
Positive
Awarding of 107,719 restricted stock units promotes employee retention.
Equity incentives reinforce commitment to long-term growth.
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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 November 15, 2022, its Compensation Committee granted equity awards pursuant to the ServiceNow 2022 New-Hire Equity Incentive Plan. 379 newly hired employees received, in the aggregate, restricted stock units representing 107,719 shares of ServiceNow common stock. These awards have a four-year vesting schedule, with 25 percent of the shares vesting on approximately the one-year anniversary of the grant date and the remaining shares will vest either quarterly or bi-annually 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.
