Vroom Approves Inducement Grants

By Staff Writer September 27, 2022

The board of directors at Vroom Inc., an e-commerce platform for buying and selling used vehicles, approved the inducement of restricted stock unit awards covering 95,125 shares of Vroom’s common stock to 22 non-executive employees of Vroom and its affiliates.

The awards were granted under Vroom’s 2022 Inducement Award Plan, and generally vest in equal annual increments of 1/3 over the three-year period following their grant, subject to continued employment through each applicable vesting date. The awards were granted as employment inducement awards pursuant to the Nasdaq listing rules.

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Last modified on Tuesday, 27 September 2022 00:13