Global Foundries Case Study
GlobalFoundries (GF) is a semiconductor manufacturer (or fab), headquartered in the U.S., that employs a broad workforce from hourly workers to highly skilled engineers. GF faces tough competition for talent in the technology industry. It competes with “high tech” companies that offer competitive cash and equity compensation, but do not maintain a workforce as diverse…
Confluent Case Study
As part of going public, Confluent senior management and a cross-functional team put together a comprehensive equity strategy and technology-enabled communication program to ensure employees were aligned with new investors and shared in the opportunities afforded by their IPO. Confluent decided to allow employees holding vested stock options and Confluent common stock the ability to…
The Issuer’s Guide to Cashless Participation
Cashless Participation 101 Maybe you’ve seen Cashless Participation mentioned in a LinkedIn post, perhaps you’ve seen it show up on an industry conference agenda, or maybe you’re offering it at your company. Regardless of where you may have noticed it, Cashless Participation is working its way into the fabric of Employee Stock Purchase Plans (ESPPs)…
Retaining Talent Amidst Falling Share Prices and Underwater Options
Recently, many companies have found themselves with a significant portion of their employees’ outstanding stock options “underwater” or “out of the money” due to plummeting share prices. This downward pressure is due in part to the conflict in Ukraine, supply chain disruptions, rising interest rates, and other macroeconomic factors that continue to impact the broader…
What is an ESPP?
This guide breaks down how employee stock purchase plans work, the differences between qualified and non-qualified plans, and the key features companies should consider when offering one.
NYSE/NASDAQ Halt Trading of Russia-Based Companies
Have these halted stocks impacted your peer group? This week, the New York Stock Exchange (“NYSE”) and Nasdaq have temporarily halted trading in the stocks of Russia-based companies listed on their exchanges. The halts are reported to be due to regulatory concerns as the exchanges seek more information following economic sanctions imposed on Russia after…
The Forgotten Participant: Nonqualified ESPPs for Your Essential Workers
Background and Current Market Environment The COVID-19 pandemic has placed compensation and benefits front and center, particularly for front-line employees (“essential workers”) like grocery store, warehouse, and food-service workers who do not have the luxury to work from home. These employees do not necessarily have adequate safety gear, access to health care or paid family…
