Coursera (COUR) CFO awarded 350,000 restricted stock units in equity grant
Rhea-AI Filing Summary
Foley Michael D. reported acquisition or exercise transactions in this Form 4 filing.
Coursera, Inc. reported that its SVP and Chief Financial Officer, Michael D. Foley, received an equity award of 350,000 shares of Common Stock in the form of restricted stock units. The Form 4 records this as a grant, with no cash purchase price.
According to the award terms, 25% of the RSUs vest on February 15, 2027, and the remaining 75% vest in twelve substantially equal quarterly installments thereafter, as long as Foley continues to serve with the company through each vesting date. Following this grant, the filing shows Foley holding 350,000 shares directly, reflecting this new compensation-related award.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 350,000 | $0.00 | $0.00 |
Footnotes (1)
- F1. Shares issuable upon settlement of a restricted stock unit ("RSU") award, with 25% of the RSUs subject to the award vesting on February 15, 2027, and 75% of the RSUs subject to the award vesting in twelve substantially equal quarterly installments thereafter, subject to the reporting person's continued service with the issuer through the applicable vesting dates.
FAQ
What insider transaction did Coursera (COUR) report for Michael D. Foley?
What is the vesting schedule for Michael D. Foley’s RSU award at Coursera (COUR)?
What conditions apply to the Coursera (COUR) RSU award granted to the CFO?
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