Chegg CEO Dan Rosensweig's 2021 pay jumps 102% to $21M
Chegg reports 2021 executive compensation
By ExecPay News
Published: April 14, 2022
Chegg reported fiscal year 2021 executive compensation information on April 14, 2022.
In 2021, five Chegg executives received on average a compensation package of $12M, a 111% increase compared to previous year.
Average pay of disclosed executives at Chegg
Dan Rosensweig, Chief Executive Officer, received $21M in total, which increased by 102% compared to 2020. 95% of Rosensweig's compensation, or $20M, was in stock awards. Rosensweig also received $1M in salary and $6.1K in other compensation.
For fiscal year 2021, the median employee pay was $62,035 at Chegg. Therefore, the ratio of Dan Rosensweig's pay to the median employee pay was 339 to one.
Andrew Brown, Chief Financial Officer, received a compensation package of $11M, which increased by 114% compared to previous year. 93% of the compensation package, or $10M, was in stock awards.
Nathan Schultz, President of Learning Services, earned $11M in 2021, a 114% increase compared to previous year.
John Fillmore, President of Chegg Skills, received $8.7M in 2021, which increases by 143% compared to 2020.
Esther Lem, Chief Marketing Officer, earned $7M in 2021, a 98% increase compared to previous year.
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Source: SEC filing on April 14, 2022.