ServiceNow CEO William McDermott's 2021 pay jumps 560% to $166M
ServiceNow reports 2021 executive compensation
By ExecPay News
Published: April 22, 2022
ServiceNow reported fiscal year 2021 executive compensation information on April 22, 2022.
In 2021, five ServiceNow executives received on average a compensation package of $55M, a 302% increase compared to previous year.
Average pay of disclosed executives at ServiceNow
William R. McDermott, Chief Executive Officer, received $166M in total, which increased by 560% compared to 2020. 84% of McDermott's compensation, or $139M, was in option awards. McDermott also received $2.6M in non-equity incentive plan, $1M in salary, $23M in stock awards, as well as $2.5K in other compensation.
For fiscal year 2021, the median employee pay was $233,859 at ServiceNow. Therefore, the ratio of William R. McDermott's pay to the median employee pay was 709 to one.
Chirantan "CJ" Desai, Chief Operating Officer, received a compensation package of $54M, which increased by 343% compared to previous year. 71% of the compensation package, or $38M, was in option awards.
Gina Mastantuono, Chief Financial Officer, earned $24M in 2021, a 40% increase compared to previous year.
Jacqueline Canney, Chief People Officer, received $18M in 2021.
Russell S. Elmer, General Counsel, earned $14M in 2021, a 113% increase compared to previous year.
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Source: SEC filing on April 22, 2022.