Salesforce Grants Equity Awards Under Its Inducement Equity Incentive Plan

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Sep 25, 2015, 06:00 ET

SAN FRANCISCO, Sept. 25, 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 Kerensen Consulting ("Kerensen"). The Plan was adopted by the Board of Directors in July 2014, in accordance with New York Stock Exchange Rule 303A.08.

Kerensen is a leading cloud consulting firm in Europe that provides business consulting, cloud solution management and digital customer experience services. Salesforce completed its acquisition of Kerensen Consulting in August 2015.

Under the Plan, Salesforce granted a total of 82,779 restricted stock units ("RSUs") to 26 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 employee and joined as a result of the acquisition.

About Salesforce
Salesforce, the Customer Success Platform and world's #1 CRM company, empowers companies to connect with their customers in a whole new way. For more information about Salesforce (NYSE: CRM), visit: http://www.salesforce.com.

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SOURCE Salesforce