Salesforce Files DEF 14A with Executive Compensation Details

Ticker: CRM · Form: DEF 14A · Filed: May 16, 2024 · CIK: 1108524

Salesforce, Inc. DEF 14A Filing Summary
FieldDetail
CompanySalesforce, Inc. (CRM)
Form TypeDEF 14A
Filed DateMay 16, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$10.0 b, $30.0 billion, $11.7 billion, $34.9 b
Sentimentneutral

Sentiment: neutral

Topics: Salesforce, CRM, DEF 14A, Executive Compensation, Equity Awards

TL;DR

<b>Salesforce's DEF 14A filing provides detailed executive compensation information for the fiscal year 2024, highlighting awards and changes in equity value for key executives.</b>

AI Summary

Salesforce, Inc. (CRM) filed a Proxy Statement (DEF 14A) with the SEC on May 16, 2024. Filing is a DEF 14A for Salesforce, Inc. (CRM) for the fiscal year ending January 31, 2024. The filing details executive compensation for the fiscal year 2024. Key individuals mentioned in compensation data include Marc Benioff, Mr. Taylor, and Mr. Block. Compensation data includes stock awards, option awards, and changes in fair value of equity awards. The filing covers equity awards granted in the current and prior fiscal years, including those that vested or were forfeited.

Why It Matters

For investors and stakeholders tracking Salesforce, Inc., this filing contains several important signals. This filing is crucial for investors to understand how executive compensation is structured and how it aligns with company performance and shareholder value. Shareholders can use this information to evaluate the effectiveness of the board's compensation decisions and to inform their voting on executive pay proposals.

Risk Assessment

Risk Level: low — Salesforce, Inc. shows low risk based on this filing. The filing is a routine DEF 14A, providing standard disclosures on executive compensation and corporate governance, with no immediate red flags.

Analyst Insight

Review the executive compensation details to assess alignment with company performance and shareholder interests.

Executive Compensation

NameTitleTotal Compensation
Marc BenioffMember
Mr. TaylorMember
Mr. BlockMember

Key Numbers

  • 2024-01-31 — Fiscal Year End (Reporting Period)
  • 2023-02-01 — Fiscal Year Start (Reporting Period)
  • 2024-05-16 — Filing Date (Submission Date)
  • 2024-06-27 — Period of Report (SEC Filing Requirement)

Key Players & Entities

  • Salesforce, Inc. (company) — Filer
  • CRM (company) — Ticker Symbol
  • Marc Benioff (person) — Executive
  • Mr. Taylor (person) — Executive
  • Mr. Block (person) — Executive
  • 415-901-7000 (dollar_amount) — Business Phone

FAQ

When did Salesforce, Inc. file this DEF 14A?

Salesforce, Inc. filed this Proxy Statement (DEF 14A) with the SEC on May 16, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Salesforce, Inc. (CRM).

Where can I read the original DEF 14A filing from Salesforce, Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Salesforce, Inc..

What are the key takeaways from Salesforce, Inc.'s DEF 14A?

Salesforce, Inc. filed this DEF 14A on May 16, 2024. Key takeaways: Filing is a DEF 14A for Salesforce, Inc. (CRM) for the fiscal year ending January 31, 2024.. The filing details executive compensation for the fiscal year 2024.. Key individuals mentioned in compensation data include Marc Benioff, Mr. Taylor, and Mr. Block..

Is Salesforce, Inc. a risky investment based on this filing?

Based on this DEF 14A, Salesforce, Inc. presents a relatively low-risk profile. The filing is a routine DEF 14A, providing standard disclosures on executive compensation and corporate governance, with no immediate red flags.

What should investors do after reading Salesforce, Inc.'s DEF 14A?

Review the executive compensation details to assess alignment with company performance and shareholder interests. The overall sentiment from this filing is neutral.

How does Salesforce, Inc. compare to its industry peers?

Salesforce operates in the software industry, specifically focusing on cloud-based customer relationship management (CRM) solutions.

Are there regulatory concerns for Salesforce, Inc.?

The DEF 14A filing is a proxy statement required by the SEC for publicly traded companies to solicit shareholder votes.

Industry Context

Salesforce operates in the software industry, specifically focusing on cloud-based customer relationship management (CRM) solutions.

Regulatory Implications

The DEF 14A filing is a proxy statement required by the SEC for publicly traded companies to solicit shareholder votes.

What Investors Should Do

  1. Analyze the total compensation packages for Marc Benioff, Mr. Taylor, and Mr. Block.
  2. Compare the equity awards granted in FY2024 to prior years to identify trends.
  3. Review the rationale provided for any significant changes in executive compensation.

Key Dates

  • 2024-01-31: Fiscal Year End — End of the reporting period for financial data.
  • 2024-05-16: Filing Date — Date the DEF 14A was officially submitted to the SEC.
  • 2024-06-27: Period of Report — The period for which the filing is made.

Year-Over-Year Comparison

This is the initial DEF 14A filing for the fiscal year ending January 31, 2024, and does not contain comparative data from a prior filing of the same type.

Filing Stats: 4,534 words · 18 min read · ~15 pages · Grade level 13.8 · Accepted 2024-05-16 16:11:34

Key Financial Figures

  • $10.0 b — increased the authorized repurchases by $10.0 billion, most recently in February 2024,
  • $30.0 billion — for an aggregate total authorization of $30.0 billion. And since the inception of this progra
  • $11.7 billion — f this program, Salesforce has returned $11.7 billion of capital to stockholders through shar
  • $34.9 b — ing: Revenue. Fiscal 2024 revenue was $34.9 billion, an increase of 11% year-over-yea

Filing Documents

Security Ownership Of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership Of Certain Beneficial Owners and Management and Related Stockholder Matters 37 Equity Compensation Plan Information 39 Material Features of the 2014 Inducement Equity Incentive Plan 39 Material Features of the MetaMind, Inc. 2014 Stock Incentive Plan 40 A Letter from Our Compensation Committee 41 Compensation Discussion and Analysis 42 Named Executive Officers 42 Executive Summary 42 Stockholder Engagement, Board Responsiveness and Program Evolution 44 Compensation Philosophy and Practices 45 Table of Contents TABLE OF CONTENTS (CONTINUED) Compensation Elements and Compensation for Named Executive Officers 47 NEO Compensation-Setting Process 58 Summary Information on Fiscal 2025 Compensation Decisions 59 Other Compensation Policies 60 Post-Employment Compensation 60 Tax and Accounting Considerations 61 Compensation Risk Assessment 62 Summary Compensation Table 63 Grants of Plan-Based Awards Table 65 Outstanding Equity Awards at Fiscal 2024 Year-End Table 67 Option Exercises and Stock Vested Table 69 Employment Contracts and Certain Transactions 70 Fiscal 2024 CEO Pay Ratio 73 Pay Versus Performance 74 Committee Reports 78 Report of the Compensation Committee of the Board of Directors 78 Report of the Audit Committee of the Board of Directors 79 Proposal 1 — Election of Directors 81 Proposal 2 — Approval of an Amendment of the Company's Certificate of Incorporation 82 Proposal 3 — Approval of an Amendment and Restatement of the Company's 2013 Equity Incentive Plan 84 Proposal 4 — Ratification of Appointment of Independent Auditor 95 Proposal 5 — Advisory Vote to Approve Named Executive Officer Compensation 97 Proposal 6 — Stockholder Proposal Regarding an Independent Chair of the Board 98 Proposal 7 — Stockholder Proposal Requesting Stockholder Approval of Certain Executive Severance Arrangements 101 Proposal

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