SANTA CLARA, Calif.–(BUSINESS WIRE)–Chegg, Inc. (NYSE:CHGG), a number one student-first linked studying platform, right now introduced that on August 12, 2024, its Compensation Committee granted fairness awards pursuant to the Chegg (NYSE:) 2023 Fairness Inducement Plan.
Eleven newly employed staff acquired, within the combination, awards of restricted inventory models (RSUs) representing 72,435 shares of Chegg frequent inventory, in reliance on the employment inducement award exception to New York Inventory Alternate Itemizing Rule 303A.08.
The RSUs will vest with respect to one-third of the shares underlying every award after 12 months of every respective worker’s steady service, and the remaining underlying shares will vest in equal quarterly installments for twenty-four months, after the completion of every full quarter of steady service thereafter.
About Chegg
Chegg supplies individualized studying help to college students as they pursue their instructional journeys. Accessible on demand 24/7 and powered by over a decade of studying insights, the Chegg platform presents college students AI-powered educational help thoughtfully designed for training coupled with entry to an enormous community of material consultants who guarantee high quality. Irrespective of the objective, stage, or model, Chegg helps thousands and thousands of scholars all over the world study with confidence by serving to them construct important educational, life, and job expertise to attain success. Chegg is a publicly held firm and trades on the NYSE below the image CHGG. For extra data, go to www.chegg.com.
View supply model on businesswire.com: https://www.businesswire.com/information/dwelling/20240816729078/en/
Tonya B. Hudson (NYSE:), press@chegg.com
Supply: Chegg