Salesforce Grants Equity Awards to Atonit Employees Under Its Inducement Equity Incentive Plan

Rhea-AI Summary

Salesforce (NYSE: CRM) announced the granting of 25,251 restricted stock units (RSUs) to 58 employees of Atonit, a Brazilian e-Commerce technology company acquired by Salesforce. These equity awards are part of Salesforce's 2014 Inducement Equity Incentive Plan and are set to vest over four years. The first 25% will vest after one year, with the remainder vesting quarterly. Atonit enhances Salesforce’s offerings by providing marketplace management solutions tailored for new and growing businesses.

Positive

• Granting of 25,251 RSUs to 58 employees enhances retention and recruitment post-acquisition.
• Atonit's marketplace management solutions strengthen Salesforce's product portfolio and customer outreach.

Negative

• None.

SAN FRANCISCO, April 22, 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 Atonit Tecnologia da Informação Ltda ("Atonit").. The Plan was adopted by the Salesforce Board of Directors in July 2014, in accordance with New York Stock Exchange Rule 303A.08.

Atonit, a Brazilian e-Commerce technology company, is built on the Salesforce platform and offers a marketplace management solution that is easy to start for new marketplace operators and highly scalable for growing businesses to meet operators' needs.

Through the Plan, Salesforce granted a total of 25,251 restricted stock units ("RSUs") to 58 Atonit 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 stock symbol does Salesforce use?

Salesforce uses the stock symbol CRM.

When did Salesforce announce equity awards for Atonit employees?

Salesforce announced the equity awards on April 22, 2022.

What is the total number of RSUs granted to Atonit employees?

A total of 25,251 restricted stock units were granted to Atonit employees.

How long is the vesting period for the RSUs granted by Salesforce?

The RSUs vest over four years, with 25% vesting after one year.

What does Atonit specialize in?

Atonit specializes in marketplace management solutions built on the Salesforce platform.