Here's how much the top Salesforce executives make in salaries, bonuses and stock (CRM)
- 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:
Marc Benioff, chairman and co-CEO
Bonus for fiscal 2019: $2,325,000
Annual base salary: $1,550,000
Annual target bonus: 200%
Stock options: 195,872
Restricted stock units: n/a
Performance-based stock units: 74,391
Keith Block, co-CEO
Bonus for fiscal 2019: $1,701,250
Annual base salary: $1,435,000
Annual target bonus: 200%
Stock options: 146,904
Restricted stock units: n/a
Performance-based stock units: 55,794
Mark Hawkins, president and CFO
Bonus for fiscal 2019: $675,000
Annual base salary: $1,000,000
Annual target bonus: 100%
Stock options: 122,420
Restricted stock units: 15,480
Performance-based stock units: 15,499
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