Coursera, Inc. 8-K

What Happened
Coursera, Inc. filed an 8-K (March 17, 2026) reporting that Michael Foley, age 52, has been appointed on a permanent basis as Senior Vice President, Chief Financial Officer and Treasurer, effective March 16, 2026. Mr. Foley had been serving in the role on an interim basis. The company entered into a new CFO offer letter dated March 13, 2026 that supersedes his prior November 13, 2025 offer letter.

Key Details

• Annual base salary: $475,000 starting March 16, 2026.
• Annual cash incentive: target bonus equal to 70% of base salary; 2026 bonus will be prorated and guaranteed at no less than $200,000 for 2026. Bonus payments are contingent on continued employment through payment date.
• Equity grants: 350,000 restricted stock units (RSUs) and 350,000 performance-based restricted stock units (PSUs). RSUs vest over four years (25% on Feb 15, 2027, then quarterly). PSUs vest over four years subject to 2026 financial performance goals and service; eligible PSUs vest 25% on Feb 15, 2027, then quarterly as certified by the Human Resources and Compensation Committee.
• Severance coverage: Mr. Foley will participate as a “Class A Executive” in Coursera’s Amended and Restated Executive Severance Plan, providing certain severance and change-in-control benefits.

Why It Matters
This 8-K confirms a permanent CFO appointment after an interim period, giving investors clarity on financial leadership. Compensation details (salary, bonus target, equity mix and vesting tied to 2026 performance) show management incentives aligned to near-term financial goals, while the severance plan indicates standard executive protections. Investors should note the performance conditions on the PSUs and the guaranteed minimum 2026 bonus when assessing potential dilution and executive incentives.