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Salesforce Announces 14,444 Restricted Stock (RSU) Units For 12 LevelJump employees

By John F. Heerdink, Jr.

Reportedly, Salesforce (CRM), the global leader in CRM, announced recently that it has granted equity awards under its 2014 Inducement Equity Incentive Plan to new employees (non-executive officers) who joined Salesforce related with the acquisition of LevelJump. The step was initiated by the Salesforce Board of Directors in July 2014, in accordance with New York Stock Exchange Rule 303A.08.

As per the plan, the company to grant a total of 14,444 restricted stock (RSU) units to 12 LevelJump employees. The RSU will be offered over four years with 25 percent of the RSUs on the first anniversary of the grant date and the remaining will be authorized quarterly thereafter in 12 equal installments, subject to continued service applicable each vesting date.

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(Read Original Story: Salesforce Grants Equity Awards to LevelJump Employees Under Its Inducement Equity Incentive Plan in PR Newswire)


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