Chegg Reports New Hire Equity Grants Under NYSE Rule 303A.08
Two newly hired employees received, in the aggregate, awards of restricted stock units (“RSUs”) representing 15,030 shares of
With respect to one of the newly hired employees, 4,530 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.
With respect to the other newly hired employee, 10,500 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.
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