Salesforce
Salesforce CEO and co-founder Marc Benioff
- Last Friday, the Salesforce board's compensation committee approved cash bonuses, salaries and stock awards for the company's top executives.
- Here's how much in bonuses they will be paid, and how much they will make in the coming fiscal year, according to public filings.
It's that time of the year when salaries, bonuses and stock awards are being approved for the top executives at Salesforce.
Last Friday, Salesforce's board approved cash bonuses for its top executives, including co-CEOs Marc Benioff and Keith Block. These are based on corporate performance goals and also the performance of these executives in the past year. These executives will be paid their bonuses on April 15.
The Compensation Committee on the Board of Directors also approved their salaries for the next fiscal year, as well as their target bonus. This became effective on Feb. 1.
Salesforce executives will receive a basket of different equity awards. Stock options allow executives to purchase shares at the fair market value on the day they were granted. Performance-based stock units will vest if they are employed through April 15, 2022 at a percentage of the number of shares, based on performance. The others are subject to vest on a four-year schedule.
If you've ever wondered how much people at the top of this $121.9 billion cloud-based software company make, here's what you need to know: