Vroom Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
23 November 2023 - 8:15AM
Business Wire
Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for
buying and selling used vehicles, today reported that on November
18, 2023, the Compensation Committee of Vroom’s Board of Directors
approved the grant of inducement restricted stock unit awards
covering 96,925 shares of Vroom’s common stock to 11 employees 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 Jon Sandison
investors@vroom.com
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