Momentus Inc. Grants Inducement Awards Under 2022 Inducement Equity Plan to New Employees
Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S.-based commercial space enterprise specializing in satellite buses, orbital transportation, and in-space infrastructure services, today announced the approval and granting of inducement equity awards to two recently hired employees. The awards were issued under the Company’s 2022 Inducement Equity Plan, in accordance with NASDAQ Listing Rule 5635(c)(4), which allows for equity grants to new employees as a material component of their employment inducement.
The Compensation Committee of the Board of Directors formally approved the awards as part of the company’s ongoing effort to attract and retain top talent in the competitive aerospace and satellite services industry. The inducement grants, which consist of an aggregate of 2,000 restricted stock units (RSUs), were provided to the employees upon commencement of their employment with the Company.
Structure and Vesting of the Inducement Awards
Each RSU represents the right to receive one share of the common stock upon vesting, subject to the employee’s continued service with the Company through the applicable vesting dates. The awards will vest over a four-year period, with equal annual installments occurring on each anniversary of the grant date.
This time-based vesting structure is designed to align the employees’ long-term interests with those of Momentus shareholders. It also encourages sustained commitment and performance, reinforcing the company’s objective of cultivating a stable, experienced, and motivated workforce capable of driving innovation and growth across its expanding portfolio of space services.
The RSUs granted under the inducement plan are subject to the terms and conditions outlined in the Momentus Inc. 2022 Inducement Equity Plan and the related award agreements. The plan was adopted specifically to facilitate the issuance of equity-based incentives outside of the Company’s standard shareholder-approved equity incentive plan, thereby enabling Momentus to recruit key professionals in a highly specialized and rapidly evolving industry.
Purpose and Context of the Inducement Plan
The 2022 Inducement Equity Plan is a vital component of Momentus’ human capital strategy. In the highly competitive aerospace sector, where technical expertise and engineering innovation are essential, offering equity as part of total compensation packages provides a significant advantage in attracting high-caliber candidates.
By granting restricted stock units to new hires, Momentus not only rewards initial commitment but also establishes a clear connection between employee performance and shareholder value creation. The plan also reflects Momentus’ broader philosophy of ownership and accountability, ensuring that team members directly benefit from the company’s success in achieving key operational and financial milestones.
As a commercial space company focused on advancing in-space capabilities, Momentus faces continual demand for skilled engineers, systems designers, and operational leaders who can execute its ambitious projects—from satellite transportation and deployment to orbital servicing and long-term infrastructure development. These inducement awards serve as a powerful recruitment tool, particularly for individuals joining from established aerospace, defense, or technology companies.
Momentus’ Broader Mission and Growth Focus
Momentus continues to strengthen its position as a pioneer in the emerging in-space services economy. The company offers a range of capabilities designed to support satellite operators and space infrastructure developers worldwide. Its services include satellite buses, orbital delivery, and future plans for on-orbit servicing, refueling, and infrastructure maintenance—all key building blocks for sustainable space operations.
By focusing on modular and flexible space transportation systems, Momentus aims to make access to orbit more cost-effective and adaptable for commercial and government customers alike. The company’s proprietary Vigoride Orbital Service Vehicle represents a significant advancement in the logistics of space deployment, offering customers a more efficient means of transferring payloads between orbits or extending the lifespan of existing assets.
Through continued innovation and operational execution, Momentus seeks to become a foundational player in the development of a robust in-space economy—one that supports scientific discovery, communication networks, defense applications, and commercial ventures beyond Earth’s atmosphere.
Commitment to Employee Growth and Equity Alignment
Momentus’ decision to continue issuing equity-based inducement awards underscores its commitment to aligning the interests of its employees with the long-term success of the organization. Equity incentives help foster a culture of shared ownership, where employees are empowered to contribute to both short-term achievements and the broader mission of advancing the commercialization of space.
The company believes that offering equity compensation enhances its ability to attract individuals who are motivated by innovation, collaboration, and the challenge of building new technologies for a rapidly growing market. Momentus views its workforce as the foundation of its competitive advantage and continues to invest in programs that encourage professional growth, retention, and long-term engagement.
About Momentus Inc.
Momentus is a U.S. commercial space company that offers commercial satellite buses and in-space infrastructure services, including in-space transportation, hosted payloads, and in-orbit services.
source link: https://www.businesswire.com
