Chegg Reports New Hire Equity Grants Under NYSE Rule 303A.08
Chegg (NYSE:CHGG) announced that its Compensation Committee has granted equity awards to a new employee under the Chegg 2023 Equity Inducement Plan. The grant, made on December 12, 2024, consists of 28,500 restricted stock units (RSUs) of Chegg common stock. These RSUs are scheduled to fully vest on December 12, 2025, contingent upon the employee's continuous service through the vesting date. The grant was made as an employment inducement award, falling under the exception to NYSE Listing Rule 303A.08.
Chegg (NYSE:CHGG) ha annunciato che il suo Comitato per la Compensazione ha concesso premi azionari a un nuovo dipendente nell'ambito del Piano di Induzione Azionaria Chegg 2023. Il premio, concesso il 12 dicembre 2024, consiste in 28.500 unità azionarie vincolate (RSU) di azioni ordinarie Chegg. Queste RSU sono programmata per acquisire pienamente il diritto il 12 dicembre 2025, a condizione che il dipendente mantenga un servizio continuativo fino alla data di acquisizione. Il premio è stato concesso come un incentivo all'occupazione, rientrando nell'eccezione alla Regola di Quotazione 303A.08 della NYSE.
Chegg (NYSE:CHGG) anunció que su Comité de Compensación ha otorgado recompensas en acciones a un nuevo empleado bajo el Plan de Inducción de Acciones de Chegg 2023. La concesión, realizada el 12 de diciembre de 2024, consiste en 28,500 unidades de acciones restringidas (RSUs) de acciones ordinarias de Chegg. Estas RSUs están programadas para adquirir plenos derechos el 12 de diciembre de 2025, sujeto a la continuidad del servicio del empleado hasta la fecha de adquisición. La concesión se realizó como un premio de incentivo laboral, encajando en la excepción a la Regla de Cotización 303A.08 de la NYSE.
Chegg (NYSE:CHGG)는 보상위원회가 Chegg 2023 주식 유도 계획에 따라 새로운 직원에게 주식 보상을 부여했다고 발표했습니다. 2024년 12월 12일에 이루어진 이 부여는 28,500 제한 주식 단위(RSU)로 구성되어 있습니다. 이 RSU는 2025년 12월 12일에 전액 권리가 부여될 예정입니다, 직원이 권리 부여 날짜까지 지속적으로 근무하는 조건입니다. 이 부여는 NYSE 상장 규칙 303A.08의 예외에 해당하는 고용 유도상으로 제공되었습니다.
Chegg (NYSE:CHGG) a annoncé que son Comité de rémunération a accordé des récompenses en actions à un nouvel employé dans le cadre du Plan d'induction en actions de Chegg 2023. L'attribution, effectuée le 12 décembre 2024, se compose de 28 500 unités d'actions restreintes (RSUs) d'actions ordinaires de Chegg. Ces RSUs devraient prendre pleinement effet le 12 décembre 2025, sous réserve que l'employé soit en service continu jusqu'à la date d'acquisition. L'attribution a été faite en tant que récompense d'incitation à l'emploi, entrant dans l'exception à la règle d'inscription 303A.08 de la NYSE.
Chegg (NYSE:CHGG) hat bekannt gegeben, dass sein Vergütungsausschuss einem neuen Mitarbeiter im Rahmen des Chegg 2023 Aktieninduktionsplans Aktienvergaben gewährt hat. Die Vergabe, die am 12. Dezember 2024 erfolgte, besteht aus 28.500 eingeschränkten Aktieneinheiten (RSUs) des Stammkapitals von Chegg. Diese RSUs sollen am 12. Dezember 2025 vollständig fällig werden, vorausgesetzt der Mitarbeiter bleibt bis zu diesem Datum ununterbrochen im Dienst. Die Vergabe erfolgte als Beschäftigungsanreiz und fällt unter die Ausnahme der NYSE-Börsennotierungsregel 303A.08.
- Addition of new talent with significant equity incentive alignment
- Future dilution of existing shareholders through 28,500 new RSUs
One newly hired employee received an award of restricted stock units (“RSUs”) representing 28,500 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 fully vest on December 12, 2025, subject to the employee’s continuous service through the vesting date.
About Chegg
Chegg provides individualized learning support to students as they pursue their educational journeys. Available on demand 24/7 and powered by over a decade of learning insights, the Chegg platform offers students AI-powered academic support thoughtfully designed for education coupled with access to a vast network of subject matter experts who ensure quality. No matter the goal, level, or style, Chegg helps millions of students around the world learn with confidence by helping them build essential academic, life, and job skills to achieve success. 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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Media Contact:
Candace Sue, press@chegg.com
Source: Chegg
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