CHARTER INTRODUCES EMPLOYEE STOCK PURCHASE PLAN

Rhea-AI Summary

Charter Communications has launched an Employee Stock Purchase Plan (ESPP), allowing eligible employees to buy company stock through payroll deductions with matching Restricted Stock Units (RSUs). Employees can contribute up to 15% of their pay, capped at $5,000 annually, with RSU matching based on tenure.

The plan complements Charter's comprehensive benefits package, which includes:

• A minimum $20 starting wage (nearly 3x federal minimum)
• Market-leading retirement contributions up to 9% annually
• Full health benefits with company-absorbed cost increases for 12 years
• 100% tuition coverage for select degrees
• Free/discounted Spectrum products

The ESPP targets full-time employees not in the annual equity program. RSUs fully vest after three years, encouraging long-term careers at Charter. This initiative supports the company's commitment to maintaining a skilled, 100% U.S.-based workforce while promoting employee ownership and accountability.

Positive

• Introduction of Employee Stock Purchase Plan allowing stock purchases up to 15% of pay with matching RSUs
• Competitive $20/hour minimum wage (3x federal minimum)
• Strong employee benefits package including 9% retirement contribution
• 100% absorption of health benefits cost increases for 12 consecutive years
• Zero-cost education benefits program across 300+ programs

Negative

• Annual ESPP contribution cap limited to $5,000 per employee
• 3-year vesting period required for RSU matching benefits
• Increased operational costs due to comprehensive benefits package

New Plan Latest Addition to Company's Comprehensive Benefits, Including Minimum $20 Starting Wage, Market-Leading Retirement Contributions and Tuition-Free Education

STAMFORD, Conn., April 29, 2025 /PRNewswire/ -- Charter Communications (NASDAQ: CHTR) today announced the launch of an Employee Stock Purchase Plan (ESPP), designed to encourage and reward employee tenure and empower its workforce to share in the Company's success. Eligible employees will now have the opportunity to purchase Charter stock through payroll deductions and will receive matching Restricted Stock Units (RSUs) based on their years with Charter.

"In my meetings with employees around the country, one of the most frequent topics of conversation is they want the opportunity to own stock and share in Charter's success," said Chris Winfrey, President and CEO of Charter Communications. "Ownership is a powerful concept. It drives accountability, fuels long-term growth, and aligns us for success. As shareholders in our Company, we are not just employees — we are owners. And that distinction makes an incredible difference in how we can better serve our customers."

Through Charter's ESPP, eligible employees can choose the amount they'd like to contribute from each paycheck to buy Charter stock – up to 15% of their pay, with a maximum of $5,000 per year. Charter will match the purchase with a grant of RSUs based on the employee's tenure with the Company. The longer they have been at Charter, the more RSUs they will receive. These RSUs fully vest after three years, offering employees another meaningful incentive to grow their careers with Charter.

Charter's ESPP is available for all active, full-time employees that are not included in the Company's annual equity program. Participants can adjust or withdraw their contributions during each six-month purchase period if their needs change, making building ownership over time more accessible and convenient.

Winfrey added, "From competitive pay and great benefits to tuition-free degrees and self-progression programs, we continue to invest in making Spectrum a great place for all employees to build long and rewarding careers. The ESPP is yet another way we're working to create an environment where employees are motivated and invested as owners to deliver their best for our customers."

The launch of Charter's ESPP is part of the Company's multiyear investment in a skilled, tenured and 100% U.S.-based workforce who create and deliver superior products and service for its customers. Charter offers a competitive starting wage of at least $20 per hour – nearly three times the federal minimum wage. Employees receive comprehensive health benefits, for which the Company has absorbed the full annual cost increase the last 12 years. Charter also provides employees a market-leading retirement plan with a Company contribution of up to 9% a year. Additionally, a variety of education and career progression programs are available, including an Education Benefit which covers 100% of tuition costs for full-time employees pursuing select degrees and certificates from 300+ participating programs. Employees also receive free and/or discounted Spectrum products, including Spectrum Mobile, TV and Internet.

About Charter 

Charter Communications, Inc. (NASDAQ:CHTR) is a leading broadband connectivity company and cable operator with services available to more than 57 million homes and businesses in 41 states through its Spectrum brand. Over an advanced communications network, supported by a 100% U.S.-based workforce, the Company offers a full range of state-of-the-art residential and business services including Spectrum Internet®, TV, Mobile and Voice.

More information about Charter can be found at corporate.charter.com.

 

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SOURCE Charter Communications, Inc.

FAQ

What are the key benefits of Charter Communications (CHTR) Employee Stock Purchase Plan 2025?

Charter's ESPP allows eligible employees to purchase company stock through payroll deductions up to 15% of pay (max $5,000/year). Employees receive matching Restricted Stock Units based on tenure, which vest after 3 years. The plan is available to all full-time employees not in the annual equity program.

How much is Charter Communications (CHTR) minimum wage in 2025?

Charter Communications offers a competitive starting wage of $20 per hour, which is nearly three times the federal minimum wage. This is part of their comprehensive benefits package for U.S.-based employees.

What retirement benefits does Charter Communications (CHTR) offer employees?

Charter provides a market-leading retirement plan with a Company contribution of up to 9% annually, alongside comprehensive health benefits where the company has covered all annual cost increases for the past 12 years.

Does Charter Communications (CHTR) offer free education benefits to employees?

Yes, Charter offers 100% tuition coverage for full-time employees pursuing select degrees and certificates from over 300 participating programs through their Education Benefit program.

What employee discounts does Charter Communications (CHTR) provide on Spectrum services?

Charter employees receive free and/or discounted Spectrum products, including Spectrum Mobile, TV, and Internet services as part of their benefits package.