All articles tagged with #company stock
Walmart Inc. announced a 3-for-1 stock split to make shares more accessible to employees, aligning with founder Sam Walton's vision. The company also introduced annual stock grants for store managers and raised the average store manager's salary. Walmart's shares rose following the announcement, nearing their all-time high, and the new shares will be issued to holders of record as of Feb. 22.
Walmart, the largest private employer in the US, is increasing salaries and benefits for store managers in an effort to retain them. Managers will now be eligible for grants of up to $20,000 in company stock annually, with the stock vesting over a three-year period. This move follows Walmart's recent announcement of raising the average salary for store managers to $128,000 and increasing bonuses to up to 200 percent of base salary, with store profitability playing a larger role in the calculation. The company sees store managers as crucial in driving sales and profitability, and aims to make them feel like "owners" by offering stock incentives.