An update from 2U Inc. (TWOU) is now available.
2U, Inc. is rolling out a performance improvement plan to enhance profitability and streamline operations. To ensure the commitment of its essential employees during this crucial phase, the company’s Compensation Committee has instituted a retention program. This program replaces the traditional annual bonus and equity awards with cash retention payments for executive officers, totaling amounts for various officers ranging from $726,000 to $2,345,000. These payments will be distributed in quarterly installments throughout 2024, with a repayment obligation if an officer leaves under certain conditions before mid-2025.
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