Chegg Reports New Hire Equity Grants Under NYSE Rule 303A.08
Chegg (NYSE:CHGG), a leading student-first connected learning platform, has granted equity awards to four newly hired employees. The awards, totaling 124,129 shares of Chegg common stock in the form of restricted stock units (RSUs), were granted on September 12, 2024, under the Chegg 2023 Equity Inducement Plan. The grants rely on the employment inducement award exception to NYSE Listing Rule 303A.08.
The RSUs have varying vesting schedules: two employees' RSUs fully vest after 12 months of continuous service, one employee's RSUs vest 50% after 12 months and the remainder quarterly over 12 months, and another employee's RSUs vest 33% after 12 months and the remainder quarterly over 24 months.
Chegg (NYSE:CHGG), una piattaforma leader nell'apprendimento connesso focalizzata sugli studenti, ha concesso premi in azioni a quattro nuovi dipendenti. I premi, per un totale di 124.129 azioni di common stock di Chegg sotto forma di unità azionarie vincolate (RSU), sono stati concessi il 12 settembre 2024, nell'ambito del Piano di Induzione Patrimoniale Chegg 2023. Le concessioni si basano sull'eccezione ai premi di incentivo all'occupazione secondo la Regola di Quotazione NYSE 303A.08.
Le RSU hanno diverse scadenze di maturazione: le RSU di due dipendenti maturano completamente dopo 12 mesi di servizio continuativo, le RSU di un dipendente maturano al 50% dopo 12 mesi e il resto trimestralmente su 12 mesi, mentre le RSU di un altro dipendente maturano al 33% dopo 12 mesi e il resto trimestralmente su 24 mesi.
Chegg (NYSE:CHGG), una plataforma líder de aprendizaje conectado centrada en el estudiante, ha otorgado premios en acciones a cuatro nuevos empleados. Los premios, que suman un total de 124,129 acciones de acciones ordinarias de Chegg en forma de unidades de acciones restringidas (RSUs), se otorgaron el 12 de septiembre de 2024, bajo el Plan de Inducción Patrimonial de Chegg 2023. Las concesiones se basan en la excepción de premios por incentivos laborales según la Regla de Listado 303A.08 de la NYSE.
Las RSUs tienen cronogramas de adquisición variables: las RSUs de dos empleados se adquieren completamente después de 12 meses de servicio continuo, las RSUs de un empleado se adquieren al 50% después de 12 meses y el resto trimestralmente durante 12 meses, y las RSUs de otro empleado se adquieren al 33% después de 12 meses y el resto trimestralmente durante 24 meses.
Chegg (NYSE:CHGG), 학생 중심의 연결 학습 플랫폼의 선두주자로서, 네 명의 신입 직원에게 주식 보상을 제공했습니다. 이 보상은 2024년 9월 12일에 Chegg 2023 주식 유도 계획에 따라 124,129 주식의 제한적 주식 단위(RSU) 형태로 지급되었습니다. 이 보상은 NYSE 상장 규칙 303A.08의 고용 유도 보상 예외를 기반으로 합니다.
RSU는 다양한 취득 일정을 가지고 있습니다: 두 명의 직원의 RSU는 12개월의 계속된 서비스 후에 완전히 취득되며, 한 직원의 RSU는 12개월 후에 50%가 취득되고 나머지는 12개월 동안 분기마다 취득됩니다. 그리고 다른 직원의 RSU는 12개월 후에 33%가 취득되고 나머지는 24개월 동안 분기마다 취득됩니다.
Chegg (NYSE:CHGG), une plateforme leader en apprentissage connecté centrée sur les étudiants, a octroyé des prix en actions à quatre nouveaux employés. Les prix, totalisant 124 129 actions ordinaires de Chegg sous forme d'unités d'actions restreintes (RSU), ont été accordés le 12 septembre 2024, dans le cadre du Plan de Motivation en Actions Chegg 2023. Les attributions reposent sur l'exception des prix d'incitation à l'emploi selon la Règle de Cotation 303A.08 de la NYSE.
Les RSU ont des calendriers d'acquisition variables : les RSU de deux employés deviennent entièrement acquis après 12 mois de service continu, les RSU d'un employé deviennent acquis à 50 % après 12 mois et le reste trimestriellement sur 12 mois, et les RSU d'un autre employé deviennent acquis à 33 % après 12 mois et le reste trimestriellement sur 24 mois.
Chegg (NYSE:CHGG), eine führende Plattform für vernetztes Lernen, die sich auf Studierende konzentriert, hat Aktienverträge an vier neu eingestellte Mitarbeiter vergeben. Die Vergaben, die insgesamt 124.129 Aktien des Stammkapitals von Chegg in Form von eingeschränkten Aktieneinheiten (RSUs) betragen, wurden am 12. September 2024 im Rahmen des Chegg 2023 Equity Inducement Plans gewährt. Die Vergaben basieren auf der Ausnahme für Anreizvergaben gemäß der NYSE Listing Rule 303A.08.
Die RSUs haben verschiedene Vesting-Perioden: Die RSUs von zwei Mitarbeitern vesten vollständig nach 12 Monaten ununterbrochener Dienstzeit, die RSUs eines Mitarbeiters vesten zu 50% nach 12 Monaten und der Rest vierteljährlich über 12 Monate, und die RSUs eines anderen Mitarbeiters vesten zu 33% nach 12 Monaten und der Rest vierteljährlich über 24 Monate.
- Chegg is attracting new talent with equity incentives
- The company is using a structured equity inducement plan to align employee interests with shareholders
- None.
Four newly hired employees received, in the aggregate, awards of restricted stock units (“RSUs”) representing 124,129 shares of Chegg common stock, in reliance on the employment inducement award exception to New York Stock Exchange Listing Rule 303A.08.
With respect to two of the newly hired employees, 53,725 of the RSUs will fully vest after 12 months of each respective employee’s continuous service.
With respect to one of the newly hired employees, 15,675 of the RSUs will vest with respect to one-half of the shares underlying the award after 12 months of such employee’s continuous service, and the remaining underlying shares will vest in equal quarterly installments for 12 months, after the completion of each full quarter of continuous service thereafter.
With respect to one of the newly hired employees, 54,729 of the RSUs will vest with respect to one-third of the shares underlying the award after 12 months of such 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/20240917933163/en/
Media Contact:
JaShel Jones, press@chegg.com
Source: Chegg
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