Form 4: Udemy Director Receives 44,134 Restricted Stock Units

Debra J. Chrapaty, a director at Udemy, Inc., was granted 44,134 restricted stock units (RSUs) on December 2, 2024.

Summary

• Debra J. Chrapaty, a director of Udemy, Inc., received 44,134 restricted stock units (RSUs) on December 2, 2024.
• These RSUs were granted under the company's 2021 Equity Incentive Plan.
• The RSUs will vest in three equal tranches on December 2, 2025, December 2, 2026, and December 2, 2027.

Sentiment

Score: 7

Explanation: The document reflects a standard corporate practice of equity compensation, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The grant of RSUs aligns the director's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and contribution from the director.

Industry Context

This type of equity grant is a common practice for compensating and incentivizing board members and executives in publicly traded companies.

Comparison to Industry Standards

• The use of restricted stock units (RSUs) with a multi-year vesting schedule is a standard practice for aligning the interests of directors with the long-term performance of the company.
• Many technology companies, such as Coursera and Skillsoft, use similar equity compensation plans for their board members and executives.

Stakeholder Impact

• The RSU grant has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term success.

Key Dates

Keywords

restricted stock units, RSUs, equity incentive plan, director, stock grant, vesting, Udemy