An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Salesforce Grants Equity Awards to Spiff Employees Under Its Inducement Equity Incentive Plan
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Salesforce (NYSE: CRM) grants equity awards to new employees under its 2014 Inducement Equity Incentive Plan in connection with the acquisition of Spiff. A total of 117,029 restricted stock units were granted to 107 Spiff employees, vesting over four years. The awards were made in accordance with NYSE Rule 303A.08.
Positive
None.
Negative
None.
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 Spiff. 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 117,029 restricted stock units ("RSUs") to 107 Spiff employees. The RSUs vest over four years with 25 percent of the RSUs vesting on the first anniversary of the grant date and with 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 is the #1 AI CRM, empowering companies to connect with their customers in a whole new way through the power of CRM + AI + Data + Trust on one unified platform: Einstein 1. For more information visit: www.salesforce.com (NYSE: CRM).
How many restricted stock units were granted to Spiff employees?
Salesforce granted a total of 117,029 restricted stock units to 107 Spiff employees.
How long is the vesting period for the RSUs?
The RSUs vest over four years, with 25 percent vesting on the first anniversary of the grant date and the balance vesting quarterly thereafter in 12 equal installments.
What is the purpose of the 2014 Inducement Equity Incentive Plan?
The Plan was adopted by the Salesforce Board of Directors in July 2014 to grant equity awards to new employees joining Salesforce in connection with acquisitions.
How many employees received equity awards?
A total of 107 Spiff employees received equity awards under the Plan.
What is the significance of NYSE Rule 303A.08 in this announcement?
The awards granted to employees were made in accordance with New York Stock Exchange Rule 303A.08.
Salesforce, Inc. is an American cloud-based software company headquartered in San Francisco, California. It provides customer relationship management software and applications focused on sales, customer service, marketing automation, e-commerce, analytics, and application development.
