secwatch.observer — SEC 8-K summary
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Issuer:     ServiceNow, Inc. (NOW)
CIK:        0001373715
Form:       8-K
Filed at:   2024-12-27T23:59:59+00:00
Accession:  0001373715-24-000426
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ServiceNow adopts new Executive Severance Policy for CEO, CFO, CHRO effective Jan 1, 2025
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- Bill McDermott (CEO) eligible for 2x base salary + target bonus upon change-in-control termination, with 24 months COBRA.
- Other eligible execs (CFO Gina Mastantuono, CHRO Jaqueline Canney) get 1.5x base salary + target bonus on change-in-control termination.
- Non-change-in-control severance: CEO gets 1x base salary + actual bonus; other execs also get 1x base salary.
- Equity: full acceleration of unvested RSUs and performance-based RSUs on change-in-control; partial on non-change-in-control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1373715/000137371524000426/0001373715-24-000426-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1373715/000137371524000426/now-20241224.htm
  HTML page:      https://secwatch.observer/filing/0001373715-24-000426

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