NOW Inc. enters employment agreement with Rocio Surratt; renames committee to ESGN

DNOW Inc.

Employment agreement with Rocio Surratt includes base salary, annual bonus, and equity awards.
Agreement contains customary non-competition, non-solicitation, and confidentiality covenants.
Board approved amendment to Bylaws renaming Nominating/Corporate Governance Committee to Environmental, Social, Governance, and Nominating Committee.
No changes to Surratt's role or compensation philosophy beyond terms already disclosed in proxy.
Bylaw amendment effective November 17, 2021; full text filed as Exhibit 3.2.

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