ServiceNow announces first-ever $1.5B share repurchase program to manage dilution

ServiceNow, Inc.

Board authorized up to $1.5B in common stock repurchases, first such program.
Primary objective: offset dilution from future employee equity grants and ESPP.
No fixed expiration; repurchases may be suspended or discontinued at any time.
CFO Gina Mastantuono cites strong cash flow and conviction in business trajectory.
Repurchases may be through open market, private transactions, or 10b5-1 plans.

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