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CWA Local 3105 - District 3

We are Union, We are Family, We are Proud


Document
11-2017 BST SSP
2017 SSP
 
"
The payout for eligible employees for the 2016 Success Sharing Plan is $1500.00. 

The closing stock price on September 30th marked the end of the 2016 SSP Award Year.  The stock price closed at $40.61 which is higher than the $32.53 closing stock price on October 1, 2015 at the beginning of the award year.  As a result, the stock price appreciation component of the SSP for this award year will pay out.  Additionally, the award also includes a dividend equivalent component for dividends declared during the award year, the last of which was just declared on Friday, Sep 30th and was for $0.48 per share.  That makes four dividend declarations during the Award Year with each declaration being for $0.48 per share. 

˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜ 

The calculation per employee is:

 

Stock Appreciation           $40.61 – $32.53 = $8.08

                                             150 units x $8.08 = $1212

 

Dividend                            $0.48 x 4 quarters = $1.92

                                             150 units x $1.92 = $288

 

Total Award                       $1212 + $288 = $1500.00

 

 

For A1 pay cycle it will be paid on the 11/18/16 paycheck.

 

For B1 pay cycle it will be paid on the 11/23/16 paycheck."


If you did not recieve your SSP award please read Appendix B Part III of your 2015-2019 BST Contract

˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜˜


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