Salesforce Grants Equity Awards to m3ter and Fin Under Its Inducement Equity Incentive Plan

The equity awards require continued employee service through each vesting date over a four-year schedule.

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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 m3ter and Fin. The Plan was adopted by the Salesforce Board of Directors in July 2014, in accordance with New York Stock Exchange Rule 303A.08.

Under the Plan, Salesforce granted a total of 278,068 restricted stock units ("RSUs") to 28 employees at m3ter and 6 employees at Fin. These RSUs vest over four years, with 25% vesting on the first anniversary of the grant date, and the remaining 75% of the RSUs vesting quarterly thereafter in 12 equal installments.

All equity awards are subject to the employee's continued service through each applicable vesting date. Each of the employees who received an award is a non-executive officer.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20261023674560/en/

Salesforce Public Relations
pr@salesforce.com

Source: Salesforce

Key Terms

restricted stock units financial

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.