Dan Rosensweig has been the CEO of Chegg Inc. since 2010, leading the company in its mission to help students succeed. With a bachelor's degree in Business Administration from UC Berkeley, Rosensweig blends practical knowledge and vast experience in the...

Dan Rosensweig has been the CEO of Chegg Inc. since 2010, leading the company in its mission to help students succeed. With a bachelor's degree in Business Administration from UC Berkeley, Rosensweig blends practical knowledge and vast experience in the education and technology sectors. Under his leadership, Chegg has become a prominent player in the education technology field, pioneering innovative solutions that have transformed how students access learning resources. In 2023, his total compensation was approximately $2 million, which included a base salary of $1.1 million and a significant portion stemming from vested stock units. This shows how Rosensweig's pay structure ties closely to the company’s performance. Interestingly, Rosensweig has a policy against insider trading, reflecting a strong commitment to ethical standards at Chegg. He has been actively involved in equity compensation plans, ensuring alignment between executive incentives and shareholder interests, particularly during Chegg's significant growth years. His strategic direction continues to shape the future of educational support for millions of students.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Chegg CEOs

C

Dan Rosensweig

Ex-CEO of Chegg

Education

Bachelor's degree in Business Administration from the University of California, Berkeley.

Field of Expertise

Business & Management

Sector of Economy

Consumer Defensive

Born

April 1, 1964 - 61 years ago

CEO of Chegg for

13 years 8 months (Oct 2010 - Jun 2024)

Previous Experience

CEO of Chegg, Inc. since 2010; previously held executive roles at various companies including the COO of the online division of the Washington Post Company.

Rivals

Competitors/colleagues of Dan Rosensweig

Holdings

See how much did Dan Rosensweig make over time.

As CEO of Chegg, Dan Rosensweig has a significant stake in the company’s stock, revealing his commitment to driving its success. Over the past few years, his stock holdings have fluctuated greatly, responding to the company’s performance in the market....

As CEO of Chegg, Dan Rosensweig has a significant stake in the company’s stock, revealing his commitment to driving its success. Over the past few years, his stock holdings have fluctuated greatly, responding to the company’s performance in the market. Recently, Rosensweig saw a decrease in the value of his unvested stock awards, which could indicate shifting shareholder expectations or market challenges. Notably, in 2019, he realized over $35 million from stock awards vested that year alone, marking a peak period for him financially. His shares are governed by strict insider trading policies, which prevent him from engaging in speculative trades. This concentration in Chegg stock illustrates his belief in the company’s mission to aid students across the globe.

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Total Stock Sold

$163.84M

CHGG

$163.84M

4,212,002 CHGG shares

What if they kept their stock?

If Dan Rosensweig didn't sell their stock, today they would have:
Extra CHGG4,212,002 shares worth $309.25M.
This is 88.75% and $145.40M more than what they got when they sold the stock.

Charitable Transactions

CHGG

24,842 shares

CHGG

Recent Charitable Transactions

CHGG

24,842 shares

CHGG

Nov 19, 2020

Charity

Insider Trading

See recent insider trades of Dan Rosensweig.

CHGG

281,250 shares

CHGG

Jun 1, 2024

Received

CHGG

115,376 shares

CHGG

Mar 27, 2023

Received

CHGG

60,688 shares

CHGG

Mar 12, 2023

Received

RENT

14,758 shares

RENT

Jul 13, 2022

Received

CHGG

153,545 shares

CHGG

Mar 28, 2022

Received

CHGG

49,633 shares

CHGG

Mar 1, 2022

Received

CHGG

$709.75K

CHGG at $28.39/share

Dec 1, 2021

Purchase

RENT

$105.00K

RENT at $21.00/share

Oct 29, 2021

Purchase

CHGG

193,938 shares

CHGG

Mar 1, 2021

Received

CHGG

$29.87M

CHGG at $99.55/share

Feb 22, 2021

Sale

Compensation History

See how much did Dan Rosensweig make over time.

In 2023, Dan Rosensweig received roughly $2 million in total compensation from Chegg, a significant portion of which came from vested stock options and restricted stock units. He earned a salary of $1.1 million, alongside approximately $1.8 million worth of vested stock, which reflects the company’s focus on long-term performance. Chegg does not offer cash bonuses, highlighting a growing trend among tech companies to favor equity-based pay, aligning executive interests with shareholder outcomes. This style of compensation incentivizes Rosensweig to drive company growth and profitability aggressively. Over the years, his pay has evolved, moving in correlation with Chegg's expanding market presence and student enrollment numbers, making him a vital part of Chegg's success story.

Year

2023

Total Compensation

$2.95M

Salary

$1.10M

Board Justification

The compensation philosophy emphasizes alignment with stockholder interests, focusing on equity-based compensation to incentivize long-term performance and retention.

Bonus

$0.00

Board Justification

No annual cash bonuses are provided to executives, including the CEO, as part of the compensation structure.

Other

$13.20K

Board Justification

Other compensation includes contributions to the 401(k) plan.

Restricted Stock

$1.83M(115.38K RSU)

Board Justification

The RSUs granted in 2023 vest in full on March 12, 2024, conditioned on continued service.

Performance Metrics

The performance metrics for the CEO's compensation include total net revenues, adjusted EBITDA, and free cash flow.

Other Chegg CEOs

Here are other CEOs of Chegg

Nathan Schultz

CEO of Chegg

June 2024 - Present