Salesforce Grants Equity Awards Under Its Inducement Equity Incentive Plan

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Feb 23, 2018, 05:00 ET

SAN FRANCISCO, Feb. 23, 2018 /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 its acquisition of Attic Labs, LLC. The Plan was adopted by the Salesforce Board of Directors in July 2014, in accordance with New York Stock Exchange Rule 303A.08.

Attic Labs is the team that developed Noms, a decentralized database that makes it easy to store, move, and collaborate on large-scale structured data.

Under the Plan, Salesforce granted a total of 73,896 restricted stock units ("RSUs") to six employees at Attic Labs. These RSUs will 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. The employees who received an equity award are non-executive employees and joined Salesforce as a result of the acquisition.

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SOURCE Salesforce