ServiceNow grants $97.5M in performance-based stock options to senior leaders

ServiceNow, Inc.

Aggregate approximate award value of $97.5 million as of grant date if all performance conditions achieved.
Awards are 100% performance-based with two metrics: stock price and subscription revenue; eight tranches with two-year cliff.
Achievement of highest stock price metric implies stock price more than doubled, creating >$150B in incremental shareholder value.
Performance period runs October 29, 2021 to September 30, 2026; shares cannot be sold until after that date.
Grants align with CEO award granted October 29, 2021; exercise price set at closing price on December 13, 2021.

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