Salesforce Grants Equity Awards to Airkit.ai Employees Under Its Inducement Equity Incentive Plan

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Salesforce (CRM) Grants Equity Awards to Airkit.ai Employees Under 2014 Plan

SAN FRANCISCO--(BUSINESS WIRE)-- Salesforce (NYSE: CRM), the #1 AI 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 Airkit.ai. The Plan was adopted by the Salesforce Board of Directors in July 2014, in accordance with New York Stock Exchange Rule 303A.08.

Through the Plan, Salesforce granted a total of 50,346 restricted stock units ("RSUs") to 26 Airkit.ai 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. Each of the employees who received an equity award is a non-executive officer.

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Sarah Kennedy

Corporate Communications | Salesforce

Mobile: (415) 412-2052

Source: Salesforce

FAQ

What is the 2014 Inducement Equity Incentive Plan at Salesforce (CRM)?

The 2014 Inducement Equity Incentive Plan at Salesforce (CRM) is a program adopted by the company's Board of Directors in July 2014 to grant equity awards to new employees.

How many restricted stock units (RSUs) did Salesforce (CRM) grant to Airkit.ai employees?

Salesforce (CRM) granted a total of 50,346 restricted stock units (RSUs) to 26 Airkit.ai employees.

How do the RSUs vest for Airkit.ai employees at Salesforce (CRM)?

The RSUs vest over four years, with 25 percent vesting on the first anniversary of the grant date and the balance vesting quarterly in 12 equal installments, subject to continued service.

Who is eligible for the equity awards at Salesforce (CRM)?

Each of the employees who received an equity award is a non-executive officer.

What is the New York Stock Exchange Rule 303A.08?

The New York Stock Exchange Rule 303A.08 is the rule in accordance with which the Plan was adopted.

When was the 2014 Inducement Equity Incentive Plan adopted at Salesforce (CRM)?

The 2014 Inducement Equity Incentive Plan was adopted by the Salesforce Board of Directors in July 2014.