---
schema_version: "secwatch.filing_event.v1"
accession: "0001373715-21-000289"
form_type: "8-K"
ticker: "NOW"
cik: "0001373715"
company_name: "ServiceNow, Inc."
filed_at: "2021-10-27T23:59:59+00:00"
generated_at: "2026-06-28T17:22:40.166613+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# CEO Bill McDermott granted $150M performance-based stock option award with 8 tranches

## Summary
- Award has approximate value of $150M; exercise price equals closing price on Oct 29, 2021.
- 100% performance-based: requires both stock price and subscription revenue targets per tranche.
- Vesting subject to a two-year cliff; no shares can be sold until after Sept 30, 2026.
- Achievement of highest stock price metric implies more than $150B incremental shareholder value.
- No automatic acceleration on change in control; subscription revenue metric adjusted for M&A.

## SEC filing metadata
- accession: 0001373715-21-000289
- form_type: 8-K
- ticker: NOW
- cik: 0001373715
- company_name: ServiceNow, Inc.
- filed_at: 2021-10-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1373715/000137371521000289/0001373715-21-000289-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1373715/000137371521000289/now-20211026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001373715-21-000289
- JSON: https://secwatch.observer/filing/0001373715-21-000289.json
- Plain text: https://secwatch.observer/filing/0001373715-21-000289.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.