Apple launches stock grant program for all employees<div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p>Apple looks to be taking steps to ensure all of its employees can benefit from the company's success. CEO Tim Cook announced a new stock ownership program that enables all of its employees to earn Restricted Stock Units (RSUs), even down to its retail staff. From the email, as obtained by
9to5Mac:</p>
<p>This year, I'm excited to let you know that the Executive Team has created a new program for stock ownership through RSU grants. It's designed to reach employees who were not previously eligible, including many in our amazing retail and AppleCare teams.</p> <p>This new program extends eligibility to everyone not covered by other RSU programs, effectively making everyone who works at Apple eligible for an RSU grant. This is an unusual step, and very special — just like our team.</p> <p>At Apple, our most important resource — our soul — is our people. Along with our many progressive benefit plans, this is another way for us to say thanks. On behalf of the Executive Team, I'd like to thank you for your many contributions to Apple. Working with all of you is the privilege of a lifetime.</p>
<p>All Apple employees were previously eligible to purchase Apple stock at a discounted rate through an Employee Stock Purchase Plan. However, RSU grants were previously mostly reserved for the executive team, with Tim Cook notably receiving a large share when he took over the role of CEO after Steve Jobs' passing. By expanding the RSU program to all employees, not only are staff down to the retail level more rewarded for their hard work, but the vesting period involved creates incentive for good workers to stick with the company.</p> <p>Source:
9to5Mac</p> </div></div></div><br clear='all'/>
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Source:
Apple launches stock grant program for all employees
