Chegg Reports New Hire Equity Grant Under NYSE Rule 303A.08
March 14 2024 - 4:05PM
Business Wire
Chegg, Inc. (NYSE:CHGG), the leading student-first connected
learning platform, today announced that on March 12, 2024, its
Compensation Committee granted equity awards pursuant to the Chegg
2023 Equity Inducement Plan. Twenty-one newly hired employees
received, in the aggregate, awards of restricted stock units
(“RSUs”) representing 80,771 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 24 months, 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,
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
based in Santa Clara, California and trades on the NYSE under the
symbol CHGG. For more information, visit www.chegg.com.
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Heather Hatlo Porter, press@chegg.com
Chegg (NYSE:CHGG)
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