Coursera Appoints Michael Foley as Permanent CFO, Details Compensation Package
Summary
Coursera has permanently appointed Michael Foley as its CFO, outlining his new salary, bonus structure, and a substantial equity award package.
Key Events
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Permanent CFO Appointment
Michael Foley, previously serving on an interim basis, has been permanently appointed Senior Vice President, Chief Financial Officer, and Treasurer, effective March 16, 2026.
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New Compensation Details
His annual base salary is set at $475,000, with a target bonus opportunity of 70% of his base salary and a guaranteed minimum 2026 bonus payment of $200,000.
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Significant Equity Grant
Mr. Foley received equity awards consisting of 350,000 restricted stock units (RSUs) and 350,000 performance-based restricted stock units (PSUs), both vesting over four years.
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Severance Plan Participation
He will participate as a 'Class A Executive' in the Company's Amended and Restated Executive Severance Plan, providing certain severance and change in control benefits.
Analysis
This 8-K formalizes the appointment of Michael Foley as Chief Financial Officer and Treasurer, a role he previously held on an interim basis. The detailed compensation package, including a significant equity grant, provides stability and clarity to a key executive position. This move solidifies the company's leadership team, which is particularly relevant given the ongoing merger discussions with Udemy, as disclosed in the 424B3 filing on March 10, 2026.
At the time of this filing, COUR was trading at $6.07 on NYSE in the Technology sector, with a market capitalization of approximately $1B. The 52-week trading range was $5.47 to $13.56. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.