Chegg Reports New Hire Equity Grants Under NYSE Rule 303A.08
Six newly hired employees received, in the aggregate, awards of restricted stock units (“RSUs”) representing 34,773 shares of
With respect to four of the newly hired employees, an aggregate of 15,116 of the RSUs will vest with respect to the first 33 1/3% of the shares underlying each award after 12 months of each such 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.
With respect to two of the newly hired employees, an aggregate of 19,657 of the RSUs will vest with respect to the first 50% of the shares underlying each award after 12 months of each such respective 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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