SAN CARLOS, Calif., Sept. 16, 2022 (GLOBE NEWSWIRE) — Oportun (Nasdaq: OPRT), a mission-driven fintech company, today announced that as of September 10, 2022, it has granted a total of 330 460 restricted stock units under the Oportun 2021 stock incentive plan to 56 new employees who joined Oportun. These incentive awards have a four-year vesting period and 25% will vest on the first anniversary of the grant date, with the balance vesting in twelve substantially equal quarterly installments thereafter, subject to continued employment. or service up to each acquisition date.
The incentive grants were approved by the Compensation and Leadership Committee of Oportun’s Board of Directors, as required by Nasdaq Rule 5635(c)(4), and were awarded as incentive material for use pursuant to Nasdaq Rule 5635(c)(4). ).
Oportun (Nasdaq: OPRT) is an AI-powered digital banking platform that seeks to make financial health effortless for everyone. Driven by a mission to provide inclusive and affordable financial services, Oportun helps its more than 1.8 million hardworking members meet their daily borrowing, saving, banking and investing needs. Since its inception, Oportun has provided over $14 billion in responsible and affordable credit, saved members over $2.3 billion in interest and fees, and automatically helped members set aside over $8.1 billion for rainy days and other needs. In recognition of its responsibly designed products, Oportun has been certified as a Community Development Financial Institution (CDFI) since 2009.