CHICAGO, Dec. 6, 2019 /PRNewswire/ -- Grubhub Inc.
(NYSE: GRUB), the nation's leading online and mobile food-ordering
and delivery marketplace, today announced that on Dec. 6,
2019, the Compensation Committee of its Board of Directors granted
restricted stock units, or RSUs, covering an aggregate of 212,246
shares of its common stock to 149 newly hired employees. These RSUs
were granted outside of the terms of the Company's 2015 Long-Term
Incentive Plan, and approved in reliance on the employment
inducement exception under the New York Stock Exchange Listed
Company Manual Rule 303A.08.
Subject to continued employment with the Company, the RSUs will
vest over a four-year period, with 25% vesting on or around the
first anniversary of the vesting commencement date (which is
generally on or around the employee's start date with the Company),
and the remainder vesting in equal quarterly installments over the
three years thereafter.
About Grubhub
Grubhub (NYSE: GRUB) is the nation's leading online and mobile
food-ordering and delivery marketplace with the largest and most
comprehensive network of restaurant partners, as well as the
largest diner base. Dedicated to connecting diners with the food
they love from their favorite local restaurants, Grubhub strives to
elevate food ordering through innovative restaurant technology,
easy-to-use platforms and an improved delivery experience. Grubhub
is proud to work with more than 140,000 restaurant partners in over
2,700 U.S. cities and London. The
Grubhub portfolio of brands includes Grubhub, Seamless, LevelUp,
Tapingo, AllMenus and MenuPages.
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SOURCE Grubhub Inc.