Chegg Reports New Hire Equity Grants Under NYSE Rule 303A.08
2024年4月18日 - 5:05AM
ビジネスワイヤ(英語)
Chegg, Inc. (NYSE:CHGG), the leading student-first connected
learning platform, today announced that on April 12, 2024, its
Compensation Committee granted equity awards pursuant to the Chegg
2023 Equity Inducement Plan.
Deena Bahri, Chegg’s newly hired Chief Marketing Officer,
received an award of restricted stock units (“RSUs”) representing
314,685 shares of Chegg common stock in reliance on the employment
inducement award exception to New York Stock Exchange Listing Rule
303A.08. The RSU award will vest with respect to the first 50% of
the shares underlying the award after 12 months of Ms. Bahri’s
continuous service, and the remaining underlying shares will vest
in equal quarterly installments for four quarters, after the
completion of each full quarter of continuous service
thereafter.
Three additional newly hired employees received, in the
aggregate, RSU awards representing 6,671 shares of Chegg common
stock, in reliance on the employment inducement award exception to
New York Stock Exchange Listing Rule 303A.08. The RSUs will vest
with respect to the first 33 1/3% of the shares underlying each
award after 12 months of each respective employee’s continuous
service, and the remaining underlying shares will vest in equal
quarterly installments for eight quarters, after the completion of
each full quarter of continuous service thereafter.
About Chegg
Millions of people all around the world learn with Chegg. No
matter the goal, level, or style, Chegg helps learners learn with
confidence. We provide 24/7 on-demand support, and our personalized
learning assistant leverages the power of artificial intelligence
(“AI”), more than a hundred million pieces of proprietary content,
as well as a decade of learning insights. Our platform also helps
learners build essential life and job skills to accelerate their
path from learning to earning, and we work with companies to offer
learning programs for their employees. Chegg is a publicly held
company and trades on the NYSE under the symbol CHGG. For more
information, visit www.chegg.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240417400966/en/
Heather Hatlo Porter, press@chegg.com
Chegg (NYSE:CHGG)
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