secwatch.observer — SEC 8-K summary
======================================

Issuer:     ServiceNow, Inc. (NOW)
CIK:        0001373715
Form:       8-K
Filed at:   2025-12-23T23:59:59+00:00
Accession:  0001373715-25-000335
Event type: leadership
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ServiceNow CEO Bill McDermott commits to stay through at least 2030; severance policy updated
--------------------------------------------------------------------------------

- Amendment effective Jan 1, 2026: McDermott will serve through Dec 31, 2030 as CEO, co-CEO, Exec or Non-Exec Chairman at Board discretion.
- In CEO/co-CEO role total comp tied to peer-group performance; as Exec Chairman comp commensurate with responsibilities.
- Severance on CIC termination: 2x base salary+target bonus, COBRA 24 months, full vesting of unvested RSUs and PRSUs (at actual).
- Retirement after age 65: pro-rata vesting of time-based RSUs from awards granted >=1 yr prior; unvested PRSUs vest at actual at end of period.
- Death triggers full vesting of all unvested RSUs and PRSUs at target; Disability provides continued vesting based on actual performance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1373715/000137371525000335/0001373715-25-000335-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1373715/000137371525000335/now-20251223.htm
  HTML page:      https://secwatch.observer/filing/0001373715-25-000335

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