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

Rhea-AI Summary

Salesforce (NYSE: CRM) announced equity awards for 13 new employees from Troops.ai, granted under its 2014 Inducement Equity Incentive Plan. A total of 33,788 restricted stock units (RSUs) will vest over four years, starting with 25% vesting on the first anniversary. This initiative aims to integrate the acquired talent into Salesforce’s operations, further enhancing its capabilities in customer relationship management.

Positive

• Granting of 33,788 RSUs to Troops.ai employees facilitates talent integration.
• Equity awards align new employees' interests with Salesforce's long-term success.

Negative

• None.

SAN FRANCISCO, Aug. 26, 2022 /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 Troops.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 33,788 restricted stock units ("RSUs") to 13 Troops.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.

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.

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SOURCE Salesforce

FAQ

What equity awards did Salesforce grant to Troops.ai employees on August 26, 2022?

Salesforce granted 33,788 restricted stock units (RSUs) to 13 Troops.ai employees.

How do the RSUs granted by Salesforce vest?

The RSUs vest over four years, with 25% vesting on the first anniversary and the remainder in quarterly installments.

What is Salesforce's stock symbol?

Salesforce's stock symbol is CRM.

Under which plan were the RSUs granted to Troops.ai employees?

The RSUs were granted under Salesforce's 2014 Inducement Equity Incentive Plan.

Why did Salesforce grant equity awards to Troops.ai employees?

The equity awards were granted to facilitate the integration of new talent from the Troops.ai acquisition.