Nathan Schultz is recorded as Board Member at Chegg, Inc (CHGG) since June 1, 2024 and COO at Chegg, Inc (CHGG). The newest filing on record that lists Nathan Schultz as COO at Chegg, Inc (CHGG) is dated April 19, 2024. Chegg, Inc reported in an 8-K filed April 29, 2024 that Nathan Schultz was appointed Class I director of the Board, effective June 1, 2024. Chegg, Inc reported in an 8-K filed April 29, 2024 that Nathan Schultz was appointed President and Chief Executive Officer, effective June 1, 2024. Chegg, Inc reported in an 8-K filed October 20, 2022 that Nathan Schultz was appointed Chief Operating Officer, effective October 19, 2022. The proxy statement of Chegg, Inc reports total compensation of $4,669,769 for Nathan Schultz in fiscal 2025, including a base salary of $1,000,000. Disclosed compensation is on record for 9 fiscal years. Nathan Schultz has spoken on 6 earnings calls across 1 company, most recently for Chegg, Inc on August 5, 2025. Chegg, Inc is classified in the Education & Training Services industry within the Consumer Defensive sector. Other leadership on record at Chegg, Inc includes Dan Rosensweig (CEO, Chairman and Board Member), Daniel Rosensweig (CEO), David Longo (CFO and Chief Accounting Officer) and 4 others.
“On April 24, 2024, the Board of Directors (the "Board") of Chegg, Inc. (the "Company") appointed Nathan Schultz as the President and Chief Executive Officer ("CEO") of the Company, effective as of June 1, 2024 (the "Transition Date"), and as a Class I director of the Board, effective as of the Transition Date.”
“On April 24, 2024, the Board of Directors (the "Board") of Chegg, Inc. (the "Company") appointed Nathan Schultz as the President and Chief Executive Officer ("CEO") of the Company, effective as of June 1, 2024 (the "Transition Date"), and as a Class I director of the Board, effective as of the Transition Date.”
“Today's call will be structured in two areas. First, an update on the strategic review process, and second, deep in depth on our transformation to profitable growth, specifically within Skills and Busuu, which we believe will be the growth engines for Chegg going forward.”
“I'll start today by walking you through our Q3 results and then discuss important shifts in our competitive landscape and what they mean for our business going forward.”
Former President and Chief Executive Officer The amounts reported in this column represent the aggregate grant date fair value of RSU and PSU awards granted under our 2023 Equity Incentive Plan, as computed in accordance with ASC 718. For fiscal year 2025, the amounts include PSUs granted to Mr. Rosensweig and Mr. Longo that will become vested only if our stock price reaches sustained stock price hurdles of 50%, 75%, 100%, and 125% above our October 28, 2025 stock price. A tranche of the total number of PSUs will become vested only as of a measurement date that is 18 months or 36 months following the grant date, subject to Mr. Rosensweig's or Mr. Longo's service until that date, and only if the volume weighted average closing price per share of stock equals or exceeds the target stock price over a sixty day trading period. If any PSUs have not vested by the end of the term of the award, they will be forfeited and Mr. Rosensweig and Mr. Longo will not realize the value of such PSUs. The PSUs are valued on the probable outcome of the market-condition goals, determined using a Monte Carlo simulation model. For information regarding assumptions, factors and methodologies used in our computations pursuant to Topic 718, see Note 2 to our consolidated financial statements in our Annual Report on Form 10-K for the year ended December 31, 2025. The value of the PSU awards at the grant date assuming that the highest level of performance conditions will be achieved was $3,927,000 for Mr. Rosensweig and $510,000 for Mr. Longo. The amounts in the column represent our contributions to the account under our 401(k) plan for each NEO. For fiscal year 2025, for Mr. Schultz, the amounts further include $1,700,000 paid under his Transition and Separation Agreement under which Mr. Schultz was eligible for separation payments and benefits pursuant to the termination “other than for Cause” provisions of the Chegg, Inc. Severance Plan (the "Severance Plan") that apply when the qualifying termination occurs within two years following adoption of the Severance Plan and is not in connection with a “Change in Control” (all terms as defined in the Severance Plan) and $230,769 paid as a lump sum in connection with the termination of the Chegg, Inc. sabbatical program, under which all employees with more than 10 years of service who had not yet taken a sabbatical received a cash payment equal to the salary they would have earned during their sabbatical period.
