Skip to Content
Skip to Footer

Salesforce Grants Equity Awards Under Its Inducement Equity Incentive Plan

San Francisco—August 25, 2016—Salesforce (NYSE: CRM), the Customer Success Platform and world's #1 CRM company, today announced it has granted equ

San Francisco—August 25, 2016—Salesforce (NYSE: CRM), the Customer Success Platform and world’s #1 CRM company, 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 Demandware, Inc. (“Demandware”). The Plan was adopted by the Salesforce Board of Directors in July 2014, in accordance with New York Stock Exchange Rule 303A.08.

Demandware is the industry’s leading enterprise cloud commerce platform that enables leading brands to deliver personalized, 1-to-1 experiences for consumers and power their commerce. Salesforce closed its acquisition of Demandware in July 2016.

Under the Plan, Salesforce granted a total of 51,770 restricted stock units ("RSUs") and 153,980 stock options to a total of 16 Demandware 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. The stock options vest over four years with 25 percent of the options vesting on the first anniversary of the grant date and the balance vesting monthly thereafter in 36 equal installments, subject to continued service through each applicable vesting date. Each of the employees who received an equity award is a non-executive employee and joined Salesforce as a result of the acquisition.

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. 

Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM." For more information please visit https://www.salesforce.com, or call 1-800-NO-SOFTWARE.

Astro

Get the latest Salesforce News