Salesforce Grants Equity Awards Under Its Inducement Equity Incentive Plan

Nov 24, 2015, 16:01 ET from Salesforce

SAN FRANCISCO, Nov. 24, 2015 /PRNewswire/ -- Salesforce (NYSE: CRM), the Customer Success Platform and world's #1 CRM company, today reported that it granted equity awards under its 2014 Inducement Equity Incentive Plan (the "Plan") to new employees who joined Salesforce in connection with its acquisition of ÄKTA US LLC ("ÄKTA"). The Plan was adopted by the Salesforce Board of Directors in July 2014, in accordance with New York Stock Exchange Rule 303A.08.

ÄKTA is a digital experience and engagement consultancy. Salesforce completed its acquisition of ÄKTA in September 2015.

Under the Plan, Salesforce granted a total of 61,306 restricted stock units ("RSUs") to 21 employees. These RSUs vest over 4 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 employee and joined as a result of the acquisition.

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SOURCE Salesforce