Dayon Alexandre 4
4 · SALESFORCE.COM, INC. · Filed Apr 24, 2020
Insider Transaction Report
Form 4
Dayon Alexandre
Pres, Applications & Platform
Transactions
- Award
Performance-Based Restricted Stock Units
2020-04-22+5,397→ 5,397 totalExercise: $0.00From: 2023-05-15Exp: 2023-05-15→ Common Stock (5,397 underlying) - Award
Restricted Stock Units
2020-04-22+4,866→ 4,866 totalExercise: $0.00From: 2021-04-22Exp: 2024-04-22→ Common Stock (4,866 underlying) - Award
Non-qualified Stock Option (Right to Buy)
2020-04-22$154.14/sh+32,664$5,034,829→ 32,664 totalExercise: $154.14From: 2021-04-22Exp: 2027-04-22→ Common Stock (32,664 underlying)
Footnotes (5)
- [F1]Each performance-based restricted stock unit, or PRSU, represents a contingent right to receive one share of Issuer common stock.
- [F2]The PRSUs will vest depending on Issuer's total shareholder return ("TSR") over the three-year period from the grant date (the "Performance Period"), relative to companies in the NASDAQ-100 Index as of the grant date (the "Index Group"). If Issuer's TSR over the Performance Period is at the 60th percentile when ranked against the Index Group TSRs, 100% of the target number of shares will vest. For every percentile by which Issuer's TSR ranking within the Index Group exceeds the 60th percentile, shares vesting will increase by 3 and 1/3%, up to a maximum payout of 200% of target if Issuer's TSR ranking is at the 99th percentile. For every percentile by which Issuer's TSR ranking within the Index Group is below the 60th percentile, shares vesting will decrease by 2 and 22/39%, with no payout if Issuer's TSR ranking is below the 30th percentile. If Issuer's absolute TSR over the Performance Period is negative, the number of shares vesting will not exceed 100% of target.
- [F3]Option vests over four years at the rate of 25% on April 22, 2021, the first anniversary of the holder's date of grant, with the balance vesting in equal monthly installments over the remaining 36 months.
- [F4]Restricted Stock Units convert to shares of common stock on a one-for-one basis.
- [F5]These restricted stock units vest as to 25% of the original grant on April 22, 2021 and vest as to 1/16 of the original grant quarterly thereafter.