Stellantis' second employee share purchase plan raised €94.5 million, allowing 15% of global employees to invest in company shares.
Quiver AI Summary
Stellantis has successfully completed its second round of the Employee Share Purchase Plan, 'Shares to Win', allowing nearly its entire global workforce of over 230,000 employees to participate. This edition, launched in November 2024, saw employees invest approximately €94.5 million to acquire 9.7 million shares, benefiting from a 20% discount on the share price and a company matching contribution of up to €1,000. The plan, which reflects employees' confidence in the company's sustainable future, aims to promote value sharing, cohesion, and employee pride within Stellantis. Eligible employees invested an average of about €1,960, with the subscription price set at €9.74 per share, based on the average closing price of Stellantis shares during a designated period.
Potential Positives
- Successful completion of the second round of the Employee Share Purchase Plan with 9.7 million shares subscribed, indicating strong employee engagement and investment confidence.
- Extension of the Shares to Win program to nearly the entire global workforce, enhancing inclusivity and employee morale across 18 countries.
- Attractive preferential conditions for employees, including a 20% discount on share price and 100% matching contribution, promoting financial participation and loyalty to the company.
- Signifies Stellantis' commitment to employee value sharing as part of its corporate strategy, fostering a cohesive corporate culture and aligning employee interests with company performance.
Potential Negatives
- Only 15% of eligible employees participated in the Shares to Win 2024 plan, indicating a potential lack of employee engagement or enthusiasm for the company’s stock.
- The company may be perceived as needing to incentivize employee investment heavily through discounts and matching contributions, raising questions about employee confidence in the company's performance.
- The significant 20% discount on the share price could be interpreted as a sign of a struggling stock or volatility concerns, potentially impacting investor perceptions negatively.
FAQ
What is the Stellantis Employee Share Purchase Plan?
The Stellantis Employee Share Purchase Plan, known as 'Shares to Win', allows employees to purchase shares at a discounted price.
How much did employees invest in Shares to Win 2024?
Employees subscribed to 9.7 million shares, totaling an investment of approximately €94.5 million.
What discounts do employees receive in the share purchase plan?
Employees receive a 20% discount on the share price and a matching contribution from Stellantis, up to €1,000.
Who is eligible for the Shares to Win program?
The program is open to nearly the entire global workforce of Stellantis, which includes over 230,000 employees.
When was Shares to Win launched?
The second edition of the Shares to Win plan was launched in November 2024.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
Stellantis Completes Second Round of Employee Share Purchase Plan to Global Employee Base
Employees subscribed to 9.7 million shares for a total investment of around €94.5 million.
Second edition of Shares to Win launched in November and extended to nearly the entire global workforce for the first time.
Employees received preferential conditions, with a 20% discount on the share price and a matching contribution of 100% of the personal amount invested, up to €1,000 equivalent to 102 shares offered by Stellantis.
AMSTERDAM, December 19, 2024 – Building on the success of the Stellantis Employee Share Purchase Plan initially open to employees from Italy and France in 2023, the Company extended
‘Shares to Win’
, its share purchase plan, in November to nearly its entire global workforce, representing more than 230,000 Stellantis employees from 18 countries. Shares to Win is an incentive program that enables employees to become shareholders in the Company on preferential terms.
‘Shares to Win 2024’, the Company’s second Employee Share Purchase Plan, resulted in a total investment of around €94.5 million, including €65.2 million from individual investment and €29.3 million matched by the Company, representing around 9.7 million additional shares held by employees.
“The success of this second edition of Shares to Win demonstrates our employees’ confidence in the sustainable future of our Company,” said Xavier Chéreau, Chief Human Resources, ESG and Heritage Officer. “By extending this employee share purchase plan to nearly our entire global workforce, we strengthened our commitment to the sharing of value creation with our employees, while fostering cohesion and pride in belonging to Stellantis.”
Globally, around 15% of eligible employees subscribed to Shares to Win 2024, with an individual investment of around €1,960.
The preferential terms include:
-
No minimum subscription or from one share subscribed
(depending on the countries)
Accessible to the greatest number of employees
-
A 20% discount on the reference share price
The subscription price for Shares to Win 2024 was set at €9.74.
The reference share price is equal to the average closing price of Stellantis shares on the Milan stock exchange between September 30 and October 25, 2024.
-
A matching contribution from the Company, up to €1,000
This is an equivalent of up to 102 shares offered by Stellantis for €1,000 invested by the employee.
Since its creation in early 2021, Stellantis has been committed to involving its employees in the Company’s results as part of the “Care” pillar outlined in its
Dare Forward 2030
strategic plan.
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About Stellantis
Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world’s leading automakers aiming to provide clean, safe and affordable freedom of mobility to all. It’s best known for its unique portfolio of iconic and innovative brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, FIAT, Jeep
®
, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis is executing its Dare Forward 2030, a bold strategic plan that paves the way to achieve the ambitious target of becoming a carbon net zero mobility tech company by 2038, with single-digit percentage compensation of the remaining emissions, while creating added value for all stakeholders. For more information, visit
www.stellantis.com
.
@Stellantis | Stellantis | Stellantis | Stellantis | |||||
For more information, contact: Fernão SILVEIRA +31 6 43 25 43 41 – fernao.silveira@stellantis.com Nathalie ROUSSEL +33 6 87 77 41 82 – nathalie.roussel@stellantis.com communications@stellantis.com www.stellantis.com | ||||||||
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