Form 4: Udemy Director Natalie Schechtman Receives Stock Grant

Director Natalie Schechtman received a grant of 23,427 Restricted Stock Units (RSUs) from Udemy, Inc.

Summary

• Natalie Schechtman, a director at Udemy, Inc., received 23,427 Restricted Stock Units (RSUs) on June 4, 2024.
• These RSUs were granted for Board and Committee service under the Udemy, Inc. Outside Director Compensation Policy.
• The RSUs will fully vest on the earlier of the next annual meeting of stockholders or one year from the grant date, contingent upon continuous service with the issuer.
• Following the transaction, Schechtman beneficially owns 66,181 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine director compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive event.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The vesting schedule incentivizes continued service and commitment to Udemy, Inc.

Future Outlook

The director's compensation is tied to the company's performance through the vesting of RSUs.

Industry Context

Granting stock options and RSUs to board members is a common practice to align their interests with the company's long-term success and shareholder value.

Comparison to Industry Standards

• Director compensation packages, including RSUs, are standard practice across publicly traded companies.
• The specific number of RSUs granted would typically be benchmarked against companies of similar size and industry within the online education sector.
• Companies like Coursera, 2U, and Skillsoft also utilize equity-based compensation for their board members.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive sign, aligning director interests with company performance.
• The grant does not have an immediate impact on employees, customers, suppliers, or creditors.

Key Dates