ServiceNow Reports New Hire Equity Grants

Rhea-AI Summary

ServiceNow (NYSE: NOW) announced that on April 17, 2023, its Compensation Committee granted equity awards as part of the 2022 New-Hire Equity Incentive Plan. A total of 236 newly hired employees received restricted stock units representing 53,458 shares of common stock. The awards feature a four-year vesting schedule, with vesting on a pro rata basis occurring either quarterly, biannually, or annually, based on the number of restricted stock units granted to each employee.

ServiceNow is focused on enhancing organizational workflows through its cloud-based solutions, aiming for improved connectivity, innovation, and agility for employees and customers alike.

Positive

• Equity awards granted to 236 new hires signal company growth.
• Total of 53,458 shares granted, indicating investment in employee retention.

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 April 17, 2023, its Compensation Committee granted equity awards pursuant to the ServiceNow 2022 New-Hire Equity Incentive Plan. Two hundred thirty-six newly hired employees received, in the aggregate, restricted stock units representing 53,458 shares of ServiceNow common stock. These awards have a four-year vesting schedule, with vesting on a pro rata basis occurring either quarterly, biannually, or annually 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/20230418005416/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 does the recent equity award announcement from ServiceNow entail?

On April 17, 2023, ServiceNow granted equity awards under the 2022 New-Hire Equity Incentive Plan, totaling 53,458 shares distributed among 236 new employees.

How many shares were awarded to ServiceNow employees?

ServiceNow awarded a total of 53,458 shares of common stock to 236 newly hired employees.

What is the vesting schedule for the restricted stock units granted by ServiceNow?

The restricted stock units granted by ServiceNow have a four-year vesting schedule, with vesting occurring on a pro rata basis.

When was the equity award granted by ServiceNow?

The equity award was granted on April 17, 2023.

What is the significance of the equity awards for ServiceNow's employees?

The equity awards are significant as they represent an investment in employee retention and align employee interests with company performance.