Chegg (CHGG) director Marne L. Levine granted 119,784 RSUs for board service
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Levine Marne L. reported acquisition or exercise transactions in this Form 4 filing.
Chegg, Inc. director Marne L. Levine received an annual equity grant for board service in the form of 119,784 restricted stock units. These RSUs were granted at no cash price and each unit represents one share of Chegg common stock upon vesting.
The RSUs are scheduled to vest on the one-year anniversary of the grant date, conditioned on Levine’s continued service on the board through that date. Following this grant, Levine directly holds 465,281 shares of Chegg common stock, including the unvested RSUs reflected in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Levine Marne L.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 119,784 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 465,281 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 119,784 units
Grant price: $0.00 per share
Holdings after grant: 465,281 shares
+1 more
4 metrics
RSUs granted
119,784 units
Annual restricted stock unit grant for board service
Grant price
$0.00 per share
Reported transaction price for RSU award
Holdings after grant
465,281 shares
Total Chegg common shares directly held after transaction
Vesting schedule
One-year anniversary
RSUs vest on one-year anniversary of grant date
Key Terms
restricted stock units ("RSUs"), contingent right, vesting
3 terms
restricted stock units ("RSUs") financial
"Represents an annual grant of restricted stock units ("RSUs") for board service."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
contingent right financial
"Each RSU represents a contingent right to receive one share of common stock"
vesting financial
"The shares underlying the RSUs will vest on the one-year anniversary of the grant date"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.