ServiceNow Reports New Hire Equity Grants

Rhea-AI Summary

ServiceNow (NYSE: NOW) announced the granting of equity awards to 90 newly hired employees on January 17, 2023. The awards total 23,392 restricted stock units, which will vest over four years. Approximately 27% of these shares will vest after one year, with the remaining portions vesting quarterly or biannually based on the number of shares awarded to each employee. This initiative aims to incentivize talent retention and align employees' interests with shareholder value.

Positive

• Granting of 23,392 restricted stock units to 90 new employees, promoting retention.
• Equity awards have a structured four-year vesting schedule, aligning employee incentives with 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 Jan. 17, 2023, its Compensation Committee granted equity awards pursuant to the ServiceNow 2022 New-Hire Equity Incentive Plan. Ninety newly hired employees received, in the aggregate, restricted stock units representing 23,392 shares of ServiceNow common stock. These awards have a four-year vesting schedule, with approximately 27 percent of the shares vesting after the one-year anniversary of the grant date and the remaining shares vesting 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.

© 2023 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/20230118005890/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 equity awards did ServiceNow grant on January 17, 2023?

ServiceNow granted 23,392 restricted stock units to 90 newly hired employees on January 17, 2023.

How will the restricted stock units vest for ServiceNow employees?

The restricted stock units will vest over four years, with approximately 27% vesting after one year, and the rest vesting quarterly or biannually.

What is the purpose of ServiceNow's equity awards?

The equity awards aim to incentivize talent retention and align employees' interests with shareholder value.