ServiceNow Reports New Hire Equity Grants

Rhea-AI Summary

ServiceNow (NYSE: NOW) announced on March 15, 2023, the granting of equity awards under its 2022 New-Hire Equity Incentive Plan. A total of 192 newly hired employees received restricted stock units totaling 48,826 shares of ServiceNow common stock. These awards will vest over four years, with a pro rata schedule allowing for quarterly or biannual vesting based on the number of restricted stock units granted. This initiative aligns with ServiceNow's strategy to attract and retain talent in its mission to enhance digital workflows globally.

Positive

• Granting equity awards to 192 new hires strengthens employee retention and motivation.
• The equity incentive plan is expected to enhance ServiceNow's ability to attract talent.

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 March 15, 2023, its Compensation Committee granted equity awards pursuant to the ServiceNow 2022 New-Hire Equity Incentive Plan. One hundred ninety-two newly hired employees received, in the aggregate, restricted stock units representing 48,826 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 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/20230316005044/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 did ServiceNow announce on March 15, 2023?

ServiceNow announced the granting of equity awards to 192 new employees, totaling 48,826 shares of common stock.

How many shares were granted to employees in the equity incentive plan?

A total of 48,826 shares of common stock were granted to newly hired employees.

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

The restricted stock units have a four-year vesting schedule with vesting occurring quarterly or biannually.

How does the equity incentive plan benefit ServiceNow?

The plan helps ServiceNow attract and retain talent, aligning employee interests with the company's performance.