Chegg Reports New Hire Equity Grant Under NYSE Rule 303A.08
October 17 2023 - 5:20PM
Business Wire
Chegg, Inc. (NYSE:CHGG), the leading student-first connected
learning platform, today announced that on October 12, 2023, its
Compensation Committee granted equity awards pursuant to the Chegg
2023 Equity Inducement Plan, which was adopted by Chegg’s Board of
Directors on October 11, 2023. Dana Underwood, Chegg’s newly hired
Chief Product Officer, received an award of restricted stock units
(“RSUs”) representing 243,902 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 25% of the shares underlying the award after
12 months of continuous service, and the remaining underlying
shares will vest in equal quarterly installments for 36 months,
after the completion of each full quarter of continuous service
thereafter.
About Chegg
Millions of people all around the world Learn with Chegg. Our
mission is to improve learning and learning outcomes by putting
students first. We support life-long learners starting with their
academic journey and extending into their careers. The Chegg
platform provides products and services to support learners to help
them better understand their academic course materials, and also
provides personal and professional development skills training, to
help them achieve their learning goals. 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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version on businesswire.com: https://www.businesswire.com/news/home/20231017468146/en/
Media Contact: Tonya B. Hudson, press@chegg.com
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