Yelp Grants Inducement Stock Units to New Employees
On February 14, 2024, Yelp Inc.(NYSE: YELP) announced that the Compensation Committee of its Board of Directors granted inducement restricted stock unit awards covering 51,598 shares of Yelps common stock to four new non-executive employees.Each award was granted under the Yelp Inc.2023 Inducement Award Plan and vests over a four-year period.
This move comes as Yelp looks to attract top talent and incentivize new employees to join the company.With 73.566 million shares outstanding and a current stock price of $36.48, these awards represent a significant inducement for the new hires.
Yelp continues to focus on connecting people with great local businesses, and investing in its employees is key to achieving this goal.These inducement grants demonstrate Yelp’s commitment to building a strong and talented team that can drive the company forward.
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