Coursera (COUR) CFO awarded 350,000 restricted stock units in equity grant
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Foley Michael D.
Role
SVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 350,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 350,000 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Coursera (COUR) report for Michael D. Foley?
Coursera reported that CFO Michael D. Foley received a grant of 350,000 shares of Common Stock as a restricted stock unit award. The Form 4 shows this as a compensation-related acquisition, not an open-market stock purchase or sale by the executive.
What is the vesting schedule for Michael D. Foley’s RSU award at Coursera (COUR)?
The RSU award vests over several years. Twenty-five percent of the RSUs vest on February 15, 2027, while the remaining seventy-five percent vest in twelve substantially equal quarterly installments after that date, contingent on Foley’s continued service with Coursera.
What conditions apply to the Coursera (COUR) RSU award granted to the CFO?
The RSU award is subject to a service-based condition. Foley must continue serving with Coursera through each vesting date for the 25% tranche vesting on February 15, 2027, and for the remaining 75% that vest in twelve substantially equal quarterly installments thereafter.