Chegg Inc. has approved a new compensation agreement for Chief Financial Officer David Longo. Effective November 16, 2025, Longo's annual base salary will increase to $750,000. He will also be eligible for four quarterly retention bonuses of $250,000 each, contingent on continued employment through specified dates into 2026. In the event of an involuntary termination in connection with a change in control, Longo will receive an additional $500,000 transaction bonus severance payment. Additionally, he has been granted 500,000 restricted stock units, vesting over three years, and up to 500,000 performance-based restricted stock units tied to stock-price hurdles over a 36-month period.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chegg Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001364954-25-000142), on November 20, 2025, and is solely responsible for the information contained therein.