secwatch.observer — SEC 8-K summary
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Issuer:     ServiceNow, Inc. (NOW)
CIK:        0001373715
Form:       8-K
Filed at:   2021-12-17T23:59:59+00:00
Accession:  0001373715-21-000350
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1373715/000137371521000350/0001373715-21-000350-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1373715/000137371521000350/now-20211213.htm
  HTML page:      https://secwatch.observer/filing/0001373715-21-000350

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer