Chegg Reports New Hire Equity Grants Under NYSE Rule 303A.08
Chegg (NYSE:CHGG), a leading student-first connected learning platform, has announced the granting of equity awards to 11 newly hired employees on August 12, 2024. These awards, made under the Chegg 2023 Equity Inducement Plan, consist of restricted stock units (RSUs) representing a total of 72,435 shares of Chegg common stock. The grants were made in accordance with the employment inducement award exception to NYSE Listing Rule 303A.08.
The vesting schedule for these RSUs is as follows: one-third of the shares will vest after 12 months of continuous service, with the remaining shares vesting in equal quarterly installments over the subsequent 24 months. This vesting structure is designed to encourage employee retention and align new hires' interests with those of Chegg's shareholders.
Chegg (NYSE:CHGG), una delle principali piattaforme di apprendimento con un focus sugli studenti, ha annunciato l'assegnazione di premi azionari a 11 nuovi dipendenti il 12 agosto 2024. Questi premi, conferiti sotto il Chegg 2023 Equity Inducement Plan, consistono in unità di azioni vincolate (RSU) che rappresentano un totale di 72.435 azioni di azioni ordinarie Chegg. Le concessioni sono state effettuate in conformità con l'eccezione al regolamento di quotazione NYSE 303A.08 relativa ai premi di assunzione.
Il piano di maturazione per queste RSU è il seguente: un terzo delle azioni maturerà dopo 12 mesi di servizio continuativo, con le rimanenti azioni che matureranno in rate trimestrali uguali nei successivi 24 mesi. Questa struttura di maturazione è progettata per incentivare la retention dei dipendenti e allineare gli interessi dei nuovi assunti con quelli degli azionisti di Chegg.
Chegg (NYSE:CHGG), una de las principales plataformas de aprendizaje conectadas al estudiante, ha anunciado la concesión de premios de capital a 11 nuevos empleados el 12 de agosto de 2024. Estos premios, otorgados bajo el Chegg 2023 Equity Inducement Plan, consisten en unidades de acciones restringidas (RSUs) que representan un total de 72,435 acciones de acciones ordinarias de Chegg. Las concesiones se realizaron de acuerdo con la excepción de premio de inducción de empleo a la Regla de Cotización 303A.08 de NYSE.
El calendario de adquisición para estas RSUs es el siguiente: un tercio de las acciones se adquirirán después de 12 meses de servicio continuo, con las acciones restantes adquiriéndose en intervalos trimestrales iguales durante los siguientes 24 meses. Esta estructura de adquisición está diseñada para fomentar la retención de empleados y alinear los intereses de los nuevos contratados con los de los accionistas de Chegg.
Chegg (NYSE:CHGG), 학생 중심 연결 학습 플랫폼의 선두주자인 Chegg는 2024년 8월 12일 11명의 신규 직원에게 주식 상여를 수여한다고 발표했습니다. 이러한 상여는 Chegg 2023 Equity Inducement Plan에 따라 제공되며, 총 72,435주의 Chegg 보통주를 나타내는 제한 주식 단위(RSU)로 구성됩니다. 이 제안은 NYSE 상장 규칙 303A.08의 고용 유도 상여 예외에 따라 이루어졌습니다.
이 RSU의 취득 일정은 다음과 같습니다: 3분의 1의 주식은 12개월의 지속적인 서비스 후에 취득되며, 나머지 주식은 다음 24개월 동안 동등한 분기별 할당으로 취득됩니다. 이 취득 구조는 직원 유지를 장려하고 신규 직원의 이익을 Chegg의 주주와 일치시키기 위해 설계되었습니다.
Chegg (NYSE:CHGG), une plateforme d'apprentissage connectée axée sur les étudiants, a annoncé la concession de primes en actions à 11 nouveaux employés le 12 août 2024. Ces primes, accordées dans le cadre du Chegg 2023 Equity Inducement Plan, se composent d'unités d'actions restreintes (RSU) représentant un total de 72,435 actions de Chegg. Les attributions ont été réalisées conformément à l'exception de récompense d'incitation à l'emploi de la règle de cotation NYSE 303A.08.
Le calendrier d'acquisition pour ces RSU est le suivant : un tiers des actions sera acquis après 12 mois de service continu, les actions restantes étant acquises par versements trimestriels égaux au cours des 24 mois suivants. Cette structure d'acquisition est conçue pour encourager la rétention des employés et aligner les intérêts des nouvelles recrues avec ceux des actionnaires de Chegg.
Chegg (NYSE:CHGG), eine führende Plattform für vernetztes Lernen mit Fokus auf Studierende, hat die Zuteilung von Aktienprämien an 11 neu eingestellte Mitarbeiter am 12. August 2024 angekündigt. Diese Prämien, die im Rahmen des Chegg 2023 Equity Inducement Plan vergeben wurden, bestehen aus eingeschränkten Aktieneinheiten (RSUs), die insgesamt 72.435 Aktien von Chegg-Stammaktien repräsentieren. Die Zuteilungen erfolgten gemäß der Ausnahme für Beschäftigungsanreizpreise aus der NYSE-Notierungsregel 303A.08.
Der Vesting-Zeitplan für diese RSUs ist wie folgt: ein Drittel der Aktien wird nach 12 Monaten kontinuierlicher Dienstzeit fällig, während die verbleibenden Aktien in gleichen vierteljährlichen Raten über die folgenden 24 Monate fällig werden. Dieses Vesting-Modell soll die Mitarbeiterbindung fördern und die Interessen der neuen Mitarbeiter mit denen der Aktionäre von Chegg in Einklang bringen.
- Attraction of new talent with equity incentives
- Alignment of employee interests with shareholders through RSU grants
- Structured vesting schedule promoting employee retention
- Potential dilution of existing shareholders' equity
Eleven newly hired employees received, in the aggregate, awards of restricted stock units (“RSUs”) representing 72,435 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 one-third 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
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240816729078/en/
Tonya B. Hudson, press@chegg.com
Source: Chegg
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