Vroom Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
May 26 2022 - 4:15PM
Business Wire
Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for
buying and selling used vehicles, today reported that on May 20,
2022, the Compensation Committee of Vroom’s Board of Directors
approved the grant of inducement restricted stock unit awards
covering 298,329 shares of Vroom’s common stock to 21 non-executive
employees and one executive employee of Vroom and its affiliates to
induce them to join as 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.
About Vroom (Nasdaq: VRM)
Vroom is an innovative, end-to-end ecommerce platform that
offers a better way to buy and a better way to sell used vehicles.
The Company's scalable, data-driven technology brings all phases of
the vehicle buying and selling process to consumers wherever they
are and offers an extensive selection of vehicles, transparent
pricing, competitive financing, and contact-free, at-home pick-up
and delivery.
For more information, please visit ir.vroom.com.
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Investor Relations: Vroom Liam Harrington
investors@vroom.com
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