Verra Mobility Announces Inducement Grant under Nasdaq Listing Rule 5635(c)(4)
Key Highlights
- ➤Jon Newhard appointed Verra Mobility (VRRM) president and CEO effective November 1, 2026
- ➤Verra Mobility granted Newhard 1,583,333 restricted stock units valued at $4,750,000
- ➤Restricted stock units vest in three equal annual installments, subject to continued CEO service
Verra Mobility Announces Inducement Grant under Nasdaq Listing Rule 5635(c)(4) PR Newswire
MESA, Ariz., Nov. 3, 2026 /PRNewswire/ -- Verra Mobility Corporation (NASDAQ: VRRM) (the "Company"), a leading provider of smart mobility technology solutions, announced today that it granted an inducement award to Jon Newhard on November 2, 2026, in connection with Mr. Newhard's appointment as President and Chief Executive Officer of the Company, effective November 1, 2026 (the "CEO Commencement Date"), pursuant to the employment agreement entered into between the Company and Mr. Newhard on October 1, 2026. The award was granted as an inducement material to Mr. Newhard's employment with the Company and was approved by the Company's Compensation Committee, in accordance with Nasdaq Listing Rule 5635(c)(4).
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