Employee stock ownership

Pandemic in the Workplace: Employee Owned Companies Are Superior at Retaining Jobs and Pay, Protecting Employee Health, Study Shows

Monday, October 26, 2020 - 11:00am

Those are the findings of a new study conducted by Rutgers University and SSRS, and funded by the Employee Ownership Foundation.

Key Points: 
  • Those are the findings of a new study conducted by Rutgers University and SSRS, and funded by the Employee Ownership Foundation.
  • Some of the study's key findings show that, compared to other businesses, employee owned firms were:
    3-4 times more likely to retain non-manager and manager employees.
  • From an economic perspective, employee owned businesses "kept considerably more money in employees' handsand in the economy" than other firms, the study finds.
  • With the right business model, this study shows, company survival and employee retention are not mutually exclusive."

Employees Who Participate in Both Their 401(k) And Employee Stock Purchase Plan Tend to Save More for Retirement, According to Fidelity®

Tuesday, October 20, 2020 - 1:30pm

Employees who participate in both their companys Employee Stock Purchase Plan (ESPP) and their companys 401(k) tend to contribute an average of 32% more to their 401(k) than employees who only participate in the 401(k), according to recent research1 from Fidelity Investments.

Key Points: 
  • Employees who participate in both their companys Employee Stock Purchase Plan (ESPP) and their companys 401(k) tend to contribute an average of 32% more to their 401(k) than employees who only participate in the 401(k), according to recent research1 from Fidelity Investments.
  • Fidelitys findings are based on the analysis of 250,000 employees who have access to both a 401(k) and ESPP.
  • 1 Analysis based on 250,000 employees at 100 Fidelity corporate clients that had access to both a 401(k) and an Employee Stock Purchase Plan as of 12/31/2019.
  • Both male and female employees included in the analysis, and employee in the study represent a range of incomes, ages and tenures.

DGAP-News: q.beyond executives acquire 1 million shares

Thursday, October 15, 2020 - 10:01am

The company's executives acquired a total of 1 million shares via the stock exchange in the period between 1 September and 9 October 2020.

Key Points: 
  • The company's executives acquired a total of 1 million shares via the stock exchange in the period between 1 September and 9 October 2020.
  • Top executives purchased 500,000 shares, while second-tier managers acquired the same volume of shares in q.beyond.
  • This voluntary purchase of shares on their own account entitles the managers to participate in the new share matching plan.
  • Jrgen Hermann recently raised his own shareholding by 50% to 1 million shares by acquiring shares via the stock exchange in spring 2020.

Eastern Bankshares, Inc. Announces Completion Of Mutual To Stock Conversion And Stock Offering

Wednesday, October 14, 2020 - 4:58pm

The results of the stock offering were previously reported in a press release dated October 9, 2020.

Key Points: 
  • The results of the stock offering were previously reported in a press release dated October 9, 2020.
  • The Company sold 179,287,828 shares of common stock at $10.00 per share in the offering for gross offering proceeds of approximately $1,792,878,000, including the sale of 14,940,652 shares of common stock to the Eastern Bank employee stock ownership plan.
  • (Following the completion of the offering, the Company donated 7,470,326 shares of common stock to the Eastern Bank Charitable Foundation.)
  • The Stock Information Center will be open from 10:00 a.m. to 4:00 p.m., Eastern Time, Monday through Friday, through Thursday, October 22, 2020.

Committed to Using Business As a Force For Good, Fireclay Tile Announces Significant Expansion of Employee Ownership

Wednesday, October 14, 2020 - 1:04pm

SAN FRANCISCO, Oct. 14, 2020 /PRNewswire/ --Fireclay Tile, the socially responsible California tile maker with a mission to do good, today announced a significant expansion to Employee Ownership.

Key Points: 
  • SAN FRANCISCO, Oct. 14, 2020 /PRNewswire/ --Fireclay Tile, the socially responsible California tile maker with a mission to do good, today announced a significant expansion to Employee Ownership.
  • Fireclay Tile's announcement includes a new 23% Employee Stock Option Plan, on top of the 15% already owned by team members.
  • Research shows Employee Owned businesses produce greater revenues and profitability compared to their peers, and since first introducing employee ownership in 2013, Fireclay Tile has increased revenues 8x.
  • As a mission-driven, values-based company rooted in innovation, Fireclay Tile's significant expansion to employee ownership is the latest chapter in leveraging business for good.

The Tel-Aviv Stock Exchange Launches a Specialized Innovative Digital Service - Exercise of Employee Stock Options in Click

Wednesday, October 14, 2020 - 12:00pm

TEL AVIV, Israel, Oct. 14, 2020 /PRNewswire/ -- The Tel-Aviv Stock Exchange (TASE: TASE) announces the launch of a new specialized service that allows public companies with employee stock option plans to digitally exercise employee stock options.

Key Points: 
  • TEL AVIV, Israel, Oct. 14, 2020 /PRNewswire/ -- The Tel-Aviv Stock Exchange (TASE: TASE) announces the launch of a new specialized service that allows public companies with employee stock option plans to digitally exercise employee stock options.
  • The service will be provided by TASE's Nominee Company and is designated for companies that are listed on TASE and registered with the Nominee Company.
  • This innovative service offers listed companies a secure digital, easy and quick way to exercise employee stock options without drafting and printing documents, signing them manually and having them delivered by courier.
  • The Tel-Aviv Stock Exchange Nominee Company Ltd. was established in January 2018 as part of the TASE Group.

Flexion Therapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)

Friday, October 2, 2020 - 9:30pm

BURLINGTON, Mass., Oct. 02, 2020 (GLOBE NEWSWIRE) -- Flexion Therapeutics, Inc. (Nasdaq:FLXN) today announced equity inducement grants to two new employees consisting of 3,315 restricted stock units.

Key Points: 
  • BURLINGTON, Mass., Oct. 02, 2020 (GLOBE NEWSWIRE) -- Flexion Therapeutics, Inc. (Nasdaq:FLXN) today announced equity inducement grants to two new employees consisting of 3,315 restricted stock units.
  • The Compensation Committee of the Board of Directors approved the grants with an effective date of October 1, 2020.
  • The restricted stock units were granted as inducements material to the employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).
  • The restricted stock units are subject to the terms and conditions of the Company's 2013 Equity Incentive Plan and a restricted stock unit agreement covering the grant.

SeaSpine Reports Granting of Inducement Awards

Friday, October 2, 2020 - 10:00pm

The awards were made on October 1, 2020 under SeaSpines 2020 Employment Inducement Equity Incentive Award Plan, which provides for the granting of equity awards to new employees of SeaSpine.

Key Points: 
  • The awards were made on October 1, 2020 under SeaSpines 2020 Employment Inducement Equity Incentive Award Plan, which provides for the granting of equity awards to new employees of SeaSpine.
  • The inducement awards consist of options to purchase 11,574 shares of SeaSpine common stock and restricted stock unit awards with respect to an aggregate of 21,769 shares of SeaSpine common stock.
  • The awards were approved by the independent compensation committee of SeaSpines board of directors and were granted as an inducement material to the new employees entering into employment with SeaSpine in accordance with Nasdaq Marketplace Rule 5635(c)(4).
  • SeaSpine currently markets its products in the United States and in approximately 30 countries worldwide through a committed network of increasingly exclusive distribution partners.

Noront Resources Issues Stock Based Compensation

Thursday, October 1, 2020 - 5:04pm

TORONTO, Oct. 01, 2020 (GLOBE NEWSWIRE) -- Noront Resources Ltd. (Noront or the Company) (TSX Venture: NOT) announced today that the Noront Board of Directors has granted 1,101,419 restricted stock units (RSUs) convertible into common shares of the Company six months from the date of grant, being March 30, 2021.

Key Points: 
  • TORONTO, Oct. 01, 2020 (GLOBE NEWSWIRE) -- Noront Resources Ltd. (Noront or the Company) (TSX Venture: NOT) announced today that the Noront Board of Directors has granted 1,101,419 restricted stock units (RSUs) convertible into common shares of the Company six months from the date of grant, being March 30, 2021.
  • The RSUs were granted to various Directors, Officers and Management pursuant to Noronts share awards plan and will be used to compensate, incentivize, and retain key members of the Board, Officers and Management team.
  • One third of the options vest immediately with the remaining options vesting in equal parts over the next two years.
  • The issuance of options and restricted stock units are subject to all applicable regulatory and exchange approvals.

Palantir Announces Additional Update Regarding Outstanding Shares of Common Stock and Shares Permitted to Be Sold Under Lock-Up Agreements

Tuesday, September 29, 2020 - 11:20pm

Palantir Technologies Inc. today announced that, as of September 28, 2020, there were 1,163.5 million shares of Palantirs Class A common stock outstanding, 483.7 million shares of Class B common stock outstanding, and 1.0 million shares of Class F common stock outstanding, including shares that are permitted to be sold under Palantirs market standoff or lock-up agreements.

Key Points: 
  • Palantir Technologies Inc. today announced that, as of September 28, 2020, there were 1,163.5 million shares of Palantirs Class A common stock outstanding, 483.7 million shares of Class B common stock outstanding, and 1.0 million shares of Class F common stock outstanding, including shares that are permitted to be sold under Palantirs market standoff or lock-up agreements.
  • Trading of shares of Class A common stock is expected to commence on the New York Stock Exchange tomorrow, September 30, 2020.
  • These 475.8 million shares consisted of (i) an aggregate of 407.7 million shares of common stock, including shares issuable upon exercise of outstanding stock options, and (ii) an aggregate of 68.1 million shares of common stock issuable upon vesting of restricted stock units in connection with the listing (RSUs).
  • We estimate that, as of September 28, 2020, greater than 90% of the 475.8 million shares of common stock that are permitted to be sold under market standoff or lock-up restrictions consisted of outstanding shares of Class A common stock or shares of common stock underlying stock options or RSUs.