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PR Newswire·

Cars.com Announces Inducement Award Under NYSE Rule 303A.08

  • Cars.com Inc. granted Mausam Bhatt 373,345 restricted stock units (RSUs) as a material inducement for his employment as Chief Product Officer, effective November 2, 2026.
  • The Compensation Committee approved the Inducement Awards on November 5, 2026.
  • The awards include 302,457 RSUs vesting in three equal installments on the first three anniversaries of the grant date.
  • The awards also include 70,888 RSUs vesting in two equal installments on the first two anniversaries of the grant date.
  • All vesting is subject to Mr. Bhatt's continued employment through each applicable vesting date.
  • The grants were issued under the Cars.com Inc. 2025 Inducement Equity Plan.
  • The issuance relied on the NYSE's shareholder approval exemption under Section 303A.08.
Company
Cars.com Inc.
Keywords
Cars.com Inc.