SAN FRANCISCO, Nov. 28, 2018 – — 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 Rebel. The Plan was adopted by the Salesforce Board of Directors in July 2014, in accordance with New York Stock Exchange Rule 303A.08.
Rebel enables marketers and developers to easily create beautiful, seamless email experiences that increase engagement, conversions and actions taken by their customers. Rebel will enhance the power of Salesforce Marketing Cloud by enabling actionable and interactive content in emails, fundamentally changing the way people interact with email without leaving the inbox. Salesforce closed it acquisition of Rebel in October.
Under the Plan, Salesforce granted a total of 25,471 restricted stock units (“RSUs”) to 11 Rebel employees.
The RSUs vest over four years with 25 percent of the RSUs vesting on November 22, 2019 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.