Chegg grants 400,000 RSUs to new hire under NYSE rule

1 min read Updated on 16 Jun 2026, 01:51 AM

Reviewed by

Naman SScanX News Team

AI Summary

Chegg, Inc. granted 400,000 RSUs to a new employee on June 12, 2026, under the Chegg 2023 Equity Inducement Plan and NYSE Rule 303A.08. The award vests in stages, with 50% after one year and the rest quarterly. This move aligns with Chegg's strategy to attract talent in the $40 billion skilling market.

*this image is generated using AI for illustrative purposes only.

Chegg, Inc. granted 400,000 restricted stock units (RSUs) to a newly hired employee on June 12, 2026, as part of its talent acquisition strategy. The award was issued under the Chegg 2023 Equity Inducement Plan and relies on the employment inducement award exception to New York Stock Exchange Listing Rule 303A.08. This grant aims to incentivize the new hire by aligning their interests with the company's long-term performance.

Vesting Schedule

The RSUs represent 400,000 shares of Chegg common stock and are subject to a structured vesting schedule. The first 50% of the shares will vest on the first anniversary of the vesting commencement date. The remaining 50% will vest in equal quarterly installments after the initial vesting date, contingent upon the employee's continued service through each applicable vesting date.

Vesting Tranche	Percentage	Timing
Initial Tranche	50%	First anniversary of vesting commencement date
Remaining Tranche	50%	Equal quarterly installments after initial vesting date

Regulatory Context

The grant was approved by Chegg's Compensation Committee and complies with New York Stock Exchange Listing Rule 303A.08. This rule allows companies to grant equity awards to new hires as an employment inducement without shareholder approval, provided specific conditions are met. The award is part of Chegg's broader strategy to attract and retain talent in the competitive learning and skilling market.