Last week, Vroom used its presence on Nasdaq to generate an incentive for 22 non-executive employees of Vroom and its affiliates.

According to a news release, the compensation committee of Vroom’s board of directors approved the grant of inducement restricted stock unit awards covering 95,125 shares of Vroom’s common stock to those 22 non-executive employees of Vroom and its affiliates

The board made the move to sway them to join as employees of Vroom and its affiliates.

The company said the awards were granted under Vroom’s 2022 Inducement Award Plan. They 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,” Vroom said in the news release.