Chegg director receives 55,000-share stock grant
Levine Marne L. reported acquisition or exercise transactions in this Form 4 filing.
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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 grant of 55,000 shares of common stock in the form of restricted stock units for board service. The award was reported at a price of $0.00 per share and increases her direct holdings to 345,497 shares.
Each restricted stock unit represents a contingent right to receive one share of Chegg common stock upon vesting. The 55,000 shares underlying these RSUs will vest on the one-year anniversary of the grant date, provided she continues serving on the board through that vesting date.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 55,000 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents an annual grant of restricted stock units ("RSUs") for board service. Each RSU represents a contingent right to receive one share of common stock of the Issuer upon vesting. The shares underlying the RSUs will vest on the one-year anniversary of the grant date, subject to the Reporting Person's continued service on our board through the vesting date.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
contingent right financial
vesting financial
FAQ
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What did Chegg (CHGG) director Marne L. Levine report in this Form 4?
At what price were Marne L. Levine’s Chegg (CHGG) RSUs granted?
When do Marne L. Levine’s Chegg (CHGG) RSUs vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.