SAN FRANCISCO, Feb. 26, 2021 /PRNewswire/ -- Salesforce (NYSE:
CRM), the global leader in CRM, today announced it has granted
equity awards under its 2014 Inducement Equity Incentive Plan (the
"Plan") to new employees who joined Salesforce in connection with
the acquisition of Acumen Solutions. The Plan was adopted by the
Salesforce Board of Directors in July
2014, in accordance with New York Stock Exchange Rule
303A.08.
With Acumen Solutions' deep industry knowledge and expertise,
Salesforce Professional Services will be able to deliver even
greater value and success for Salesforce customers, helping them
accelerate innovation and get closer to their customers and
constituents through the power of the Customer 360 Platform. Now
with Salesforce Industries (formerly Vlocity) and Acumen Solutions,
Salesforce can better provide customers across all industries with
products and solutions that meet their specific needs.
Through the Plan, Acumen employees will receive various equity
awards as provided below. Each of the employees who received an
equity award is a non-executive officer.
Under the Plan, Salesforce granted a total of 177,934 restricted
stock units ("RSUs") and 16,602 stock options to 471 Acumen
employees. The RSUs vest over four years with 25 percent of the
RSUs vesting on the first anniversary of the grant date and the
balance vesting quarterly thereafter in 12 equal installments,
subject to continued service through each applicable vesting date.
The stock options vest over four years with 25 percent of the
options vesting on the first anniversary of the grant date and the
balance vesting monthly thereafter in 36 equal installments,
subject to continued service through each applicable vesting
date.
Under the Plan, Salesforce additionally granted a total of
340,830 RSUs to 201 Acumen employees. The RSUs vest over two years
from the closing date with 50 percent of the RSUs vesting on each
of February 1, 2022 and February 1, 2023, subject to continued service
through such date.
About Salesforce
Salesforce, the global CRM leader,
empowers companies of every size and industry to digitally
transform and create a 360° view of their customers. For more
information about Salesforce (NYSE: CRM), visit:
www.salesforce.com.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/salesforce-grants-equity-awards-to-acumen-solutions-employees-under-its-inducement-equity-incentive-plan-301236719.html
SOURCE Salesforce