secwatch.observer — SEC 8-K summary
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Issuer:     CHEGG, INC (CHGG)
CIK:        0001364954
Form:       8-K
Filed at:   2025-11-20T23:59:59+00:00
Accession:  0001364954-25-000142
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chegg CFO David Longo gets salary hike to $750k, retention bonuses, and equity grants
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- Salary increased to $750k/year; eligible for four $250k quarterly retention bonuses through Aug 2026.
- Additional $500k transaction bonus severance if terminated in connection with a change in control.
- Granted 500k RSUs vesting over 3 years and up to 500k performance-based RSUs with stock-price hurdles.
- Retention bonuses require continuous employment through specific dates: Nov 28, 2025; Feb 27, 2026; May 29, 2026; Aug 31, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1364954/000136495425000142/0001364954-25-000142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1364954/000136495425000142/chgg-20251117.htm
  HTML page:      https://secwatch.observer/filing/0001364954-25-000142

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer