Salesforce Grants Equity Awards to Traction on Demand Employees Under Its Inducement Equity Incentive Plan

SAN FRANCISCO, June 24, 2022 /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 the acquisition of Traction on Demand. 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 283,690 restricted stock units ("RSUs") to 425 Traction on Demand 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. Each of the employees who received an equity award is a non-executive officer.

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SOURCE Salesforce