Special Equity Grant
IBM announced this year it would issue stock-based grants to nearly every IBMer, the first time the company has ever issued stock on such a broad basis. The Special Equity Grant is a one-time event designed to provide a way for employees to share directly in the company’s financial performance, as reflected in its stock price, recognizing the unique contributions employees have been making, particularly in the challenging economic climate of recent years.
This one-time IBM Special Equity Grant will provide individual grants of stock units worth approximately $1,000 to nearly 400,000 non-executive IBMers. The grants are being issued in June, to coincide with IBM’s 100th anniversary, and will vest in 2015, when IBM’s next financial roadmap concludes.
“This special equity grant is designed to recognize the commitment by IBMers to deliver against our earnings targets,” said Randy MacDonald, Senior Vice President, Human Resources. “And they vest in 2015 to coincide with the ending of our next earnings roadmap period, to encourage our continued focus. That way the initial value of the grants can increase over time, when the IBM stock price grows. IBMers can wind up with much more value when we succeed in what we are setting out to do.”
individual stock-based grants, approximately, issued to IBMers around the world.
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