The grant is divided into two tranches. A total of 302,457 RSUs will vest in three equal installments on the first three anniversaries of the grant date. The remaining 70,888 RSUs will vest in two equal installments on the first two anniversaries. Both portions are subject to Bhatt remaining employed by Cars.com through each applicable vesting date.
Cars.com grants 373,345 RSUs to new product chief Mausam Bhatt
Cars.com Inc. granted restricted stock units covering 373,345 shares to Mausam Bhatt as an inducement to join the company as chief product officer. The award was approved by the company’s Compensation Committee on November 5, following his November 2 start date.
The awards were issued under the Cars.com Inc. 2025 Inducement Equity Plan, as amended. Cars.com said it relied on the employment-inducement exemption in Section 303A.08 of the NYSE Listed Company Manual, which permits qualifying awards without shareholder approval. The company said it issued its announcement in accordance with that section.
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