Stellantis Broadens Employee Share Purchase Plan to Nearly Entire Global Workforce
Rhea-AI Summary
Stellantis has launched the second wave of its 'Shares to Win' employee share purchase plan in 18 countries, extending the opportunity to more than 230,000 employees worldwide. The program, running from November 5 to November 14, 2024, offers employees preferential terms to become shareholders:
- 20% discount on the reference share price
- Matching contribution of 100% of the personal amount invested, up to €1,000
- No minimum subscription amount in most countries
This initiative builds on the success of the first wave launched in late 2023 in France and Italy, which saw a 22% participation rate and 4.4 million shares subscribed. Stellantis aims to increase employee ownership from the current 1.8% to 5% of its capital in the coming years, aligning with its Dare Forward 2030 plan's 'Care' pillar.
Positive
- Expansion of employee share purchase plan to 18 countries, reaching over 230,000 employees
- 20% discount on reference share price for employees
- 100% matching contribution up to €1,000 on personal investment
- 22% participation rate in the first wave, with 4.4 million shares subscribed
- Goal to increase employee ownership from 1.8% to 5% of company capital
Negative
- None.
News Market Reaction
On the day this news was published, STLA gained 1.77%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Stellantis Broadens Employee Share Purchase Plan to Nearly Entire Global Workforce
- Program builds on the success of first wave launched at the end of 2023 in France and Italy
- Opportunity for more than 230,000 employees to become shareholders on preferential terms:
20% discount on the share price and a matching contribution of100% of the personal amount invested, up to€1,000 - Strong incentive for employees to share in the creation of value, supporting Stellantis’ ambition to reach an initial threshold of
5% of capital held by its employees
AMSTERDAM, October 14, 2024 – Today, Stellantis launched the second wave of ‘Shares to Win’ in 18 countries, reaching nearly all Stellantis employees worldwide (more than 230,000). Building on the success (
‘Shares to Win’ gives employees the opportunity to become Stellantis shareholders on preferential terms:
- No minimum subscription amount or from one share subscribed (depending on the countries)
20% discount on the reference share price (equal to the average closing price of the Stellantis share on the Milan stock exchange between September 30 and October 25, 2024)- A matching contribution of
100% of the personal amount invested, up to a maximum of€1,000 *
“We believe that when our colleagues, who work to build the business become shareholders, both our employees and the business thrive,” said Xavier Chéreau, Stellantis Chief HR & Transformation Officer. “Our share purchase program helps employees build a greater sense of ownership and belonging and demonstrates Stellantis’ commitment to sharing its performance with employees.”
Currently, employees hold
Since its creation in early 2021, Stellantis has been committed to involving its employees in the Company’s performance as part of the “Care” pillar outlined in its Dare Forward 2030 plan.
###
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
communications@stellantis.com
www.stellantis.com
Attachment
FAQ
When is the second wave of Stellantis' 'Shares to Win' program taking place?
What discount do Stellantis (STLA) employees receive on share purchases in the 'Shares to Win' program?
How much does Stellantis match employee contributions in the share purchase plan?
What percentage of Stellantis' capital is currently held by employees?
What is Stellantis' target for employee ownership of company shares?
