Coursera, Inc. Reports Permanent CFO Appointment and Compensation Details
Summary
Coursera, Inc. appointed Michael Foley as its permanent Senior Vice President, Chief Financial Officer, and Treasurer, effective March 16, 2026. Mr. Foley previously served in the role on an interim basis. His new CFO Offer Letter, dated March 13, 2026, outlines his compensation. - Annual base salary set at $475,000. - Eligible for an annual cash incentive program with a target bonus of 70% of base salary. - Granted 350,000 restricted stock units (RSUs). - His 2026 bonus will be prorated from the effective date and no less than $200,000.
Why It Matters
The appointment of a permanent CFO provides stability in financial leadership. The outlined compensation package, including a significant RSU grant, underscores the company's investment in this key executive role.
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Key Quote
“As contemplated in the CFO Offer Letter, the HRC Committee recommended, and the Board approved and granted equity awards to Mr. Foley consisting of 350,000 restricted stock units (".”
— From Item 5.02
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001651562
- Filing Date
- Tuesday, March 17, 2026
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- positive