ServiceNow Inc. has amended its employment agreement with Chairman and CEO William R. McDermott, extending his service with the company through at least December 31, 2030. Effective January 1, 2026, McDermott may serve as CEO, co-CEO, Executive Chairman, or Non-Executive Chairman, depending on the Board's discretion and mutual agreement. His compensation as CEO or co-CEO will align with company performance relative to its peer group, while compensation as Executive Chairman will reflect his responsibilities. The company also updated its Executive Severance Policy for the CEO, providing for cash severance equal to his annual base salary, his actual bonus for the current fiscal year, a lump sum for 12 months of COBRA benefits, immediate vesting of RSUs that would have vested in the 18 months following termination, and pro-rata vesting of PRSUs based on actual performance, in the event of a Qualifying Termination not connected to a change in control.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ServiceNow Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001373715-25-000335), on December 23, 2025, and is solely responsible for the information contained therein.