Stellantis* (NYSE: STLA) said in Amsterdam today that it has successfully started its first employee share purchase plan. In November, Stellantis launched ‘Shares to Win,’ an incentive program that enables employees to become shareholders with preferential terms. The employee share purchase plan launched less than three years after the creation of Stellantis to more than 85,000 employees in France and Italy. Employees received a 20% discount on the share price and a matching contribution of 100% of the personal amount invested up to €1000.
“The success of this step of Shares to Win in Italy and France demonstrates our employees’ confidence in the sustainable future of our Company supported by the execution of our Dare Forward 2030 strategic plan, which maps out the path to achieving carbon net zero by 2038 and creating value for all our stakeholders,” claimed Xavier Chéreau, Chief HR & Transformation Officer.
A total of 22% of eligible employees subscribed to Shares to Win this year, with an individual investment of ~€2470.
- In France, 31% of eligible Stellantis employees subscribed to Shares to Win.
- In Italy, the rate was 13%, a remarkable result given that this was the very first employee share purchase offered to ex-FCA employees in the country.
The preferential terms include:
- No minimum subscription in France and from one share subscribed in Italy
- Accessible to the greatest number of employees – A 20% discount on the reference share price
On 10 November, the subscription price for Shares to Win 2023 was set at €14.52 in France and Italy. The reference share price is equal to the average closing price of Stellantis shares on the Milano stock exchange between October 12 and November 8, 2023. Stellantis makes a contribution of 100% of the employee’s personal contribution, up to €1000 gross. This is equivalent to 62 to 68 shares offered by Stellantis for €1000 invested by the employee, depending on the legislation in place in the country.
“This employee share purchase plan should be extended worldwide, starting in the first half of 2024 to 242,000 eligible employees in 18 countries, according to equivalent incentive guiding principles. Then, in 2025 it would be further expanded to all countries where Stellantis operates, as soon as the regulatory and economic context allows,” Stellantis said.
*Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world’s leading automakers and a mobility provider. Its brands include Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis was formed by a merger of FCA and PSA in January of 2021.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
Stellantis Implements First Employee Share Purchase Plan
Stellantis* (NYSE: STLA) said in Amsterdam today that it has successfully started its first employee share purchase plan. In November, Stellantis launched ‘Shares to Win,’ an incentive program that enables employees to become shareholders with preferential terms. The employee share purchase plan launched less than three years after the creation of Stellantis to more than 85,000 employees in France and Italy. Employees received a 20% discount on the share price and a matching contribution of 100% of the personal amount invested up to €1000.
“The success of this step of Shares to Win in Italy and France demonstrates our employees’ confidence in the sustainable future of our Company supported by the execution of our Dare Forward 2030 strategic plan, which maps out the path to achieving carbon net zero by 2038 and creating value for all our stakeholders,” claimed Xavier Chéreau, Chief HR & Transformation Officer.
A total of 22% of eligible employees subscribed to Shares to Win this year, with an individual investment of ~€2470.
The preferential terms include:
On 10 November, the subscription price for Shares to Win 2023 was set at €14.52 in France and Italy. The reference share price is equal to the average closing price of Stellantis shares on the Milano stock exchange between October 12 and November 8, 2023. Stellantis makes a contribution of 100% of the employee’s personal contribution, up to €1000 gross. This is equivalent to 62 to 68 shares offered by Stellantis for €1000 invested by the employee, depending on the legislation in place in the country.
“This employee share purchase plan should be extended worldwide, starting in the first half of 2024 to 242,000 eligible employees in 18 countries, according to equivalent incentive guiding principles. Then, in 2025 it would be further expanded to all countries where Stellantis operates, as soon as the regulatory and economic context allows,” Stellantis said.
*Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world’s leading automakers and a mobility provider. Its brands include Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis was formed by a merger of FCA and PSA in January of 2021.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.