Benioff Marc 4
4 · Salesforce, Inc. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Salesforce CEO Marc Benioff Receives 278,878 Share Awards
What Happened
Marc Benioff (Chair and CEO, Director) was credited with two performance-based awards on March 22, 2026: 45,474 restricted stock units (PRSUs) and 233,404 earned option/derivative shares, for a total of 278,878 shares. Both line items are reported as acquisitions at $0.00 (they are compensation awards, not open-market purchases). The PRSUs were certified as earned for the fiscal year 2024 performance period and are scheduled to vest on April 22, 2026, subject to continued employment. The earned performance option shares (fiscal 2026 performance option) had 25% vesting on March 22, 2026, with the remaining shares vesting in equal monthly installments over the next 36 months, subject to continued service.
Key Details
- Transaction date(s): March 22, 2026 (reported on Form 4 filed March 24, 2026; Period of Report: Mar 22, 2026)
- Price: $0.00 per share (award/grant; acquisition code A)
- Total shares awarded: 45,474 PRSUs + 233,404 derivative/option shares = 278,878 shares
- Vesting: PRSUs scheduled to vest Apr 22, 2026 (F1). Options: 25% vested Mar 22, 2026; remainder vests monthly over 36 months (F4).
- Shares held: holdings are reported as held in Benioff’s name or the Marc R. Benioff Revocable Trust (F2) and in the Marc Benioff Fund LLC (F3). The filing excerpt provided does not state a total post-transaction ownership count.
- Filing timeliness: Form filed Mar 24, 2026 for a Mar 22, 2026 report date; no late filing flag shown in the provided data.
Context
These were performance-based compensation awards certified by Salesforce’s Compensation Committee for performance periods ending Jan 31, 2026. Because the awards are subject to vesting and continued service, they are not immediate cash realizations or sales. Awards reported at $0 reflect compensation issued, not a market purchase price.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-03-22+45,474→ 11,957,046 total - Award
Performance Stock Option
[F4]2026-03-22+233,404→ 233,404 totalExercise: $280.62From: 2026-03-22Exp: 2032-03-22→ Common Stock (233,404 underlying)
- 107,000(indirect: By Trust)
Common Stock
- 10,000,000(indirect: By LLC)
Common Stock
[F3]
Footnotes (4)
- [F1]This represents the number of shares subject to the fiscal year 2024 performance-based restricted stock unit ("PRSU") award that were earned based upon the achievement of certain performance criteria over a three-year performance period that ended on January 31, 2026. On March 22, 2026, the Issuer's Compensation Committee certified that certain performance criteria with respect to the performance period were achieved, and the number of shares reported in column 4 are scheduled to vest on April 22, 2026, subject to the holder's continued employment through such date.
- [F2]Shares held in the reporting person's name or in the Marc R. Benioff Revocable Trust.
- [F3]Shares held in the Marc Benioff Fund LLC (the "Fund"). Fund interests are held in the reporting person's name or in trust.
- [F4]This represents the number of shares subject to the fiscal year 2026 performance option that were earned based upon the achievement of applicable performance criteria with a performance period that ended on January 31, 2026. 25% of the earned option shares will become vested on March 22, 2026, with the remaining option shares becoming vested in equal monthly installments over the following 36 months, subject to the holder's continued service through each such date.