WithSecure Unveils Exciting Employee Share Savings Plan 2025-2027

Overview of the New Employee Share Savings Plan

WithSecure Corporation has announced the launch of a new Employee Share Savings Plan (ESSP) for the period spanning 2025 to 2027. This initiative, first introduced in 2022, aims to foster an environment where employees can become shareholders, aligning their interests with those of the company and its investors.

Details of the Employee Share Savings Plan

The Employee Share Savings Plan encourages employees to save a portion of their salaries to invest in shares of WithSecure. Each savings period lasts for 12 months, followed by a holding period of two years, ensuring that employees are engaged with their investments over the long term.

Purpose and Benefits

The primary objective of this plan is to motivate employees to acquire and hold shares in WithSecure. By doing so, employees develop a sense of ownership and commitment to the company's success. Additionally, employees participating in the plan are rewarded for their contributions and loyalty.

How the Plan Works

Employees can opt to save a portion of their salary, which will then be used to purchase WithSecure shares quarterly after the respective interim reports are published. For every share purchased with their savings, employees will receive one matching share as a reward from WithSecure, thereby enhancing their investment.

A Rewarding Structure for Employees

To benefit from the matching shares, employees must meet specific conditions, such as maintaining their employment status and holding the acquired shares throughout the designated holding period. This structure aims to reinforce the importance of commitment within the workforce.

Settlement of Awards

At the conclusion of the holding period, the matching shares will be settled. Employees may receive their awards fully in shares or partially in cash, depending on their preference and local tax obligations. Cash payments will cover any taxes associated with their awards.

Potential Growth through Reinvestment

Any dividends received from the purchased shares, matching shares, or other stocks within the ESSP will be reinvested to acquire additional shares on future acquisition dates, creating potential for increased returns over time.

Timeline and Participation

The plan will officially commence on January 1, 2025, and conclude on December 31, 2027, with the holding period starting at the initial acquisition of shares and ending on November 30, 2027. Currently, approximately 1,700,000 matching shares are available, although this number may vary based on employee participation and other factors.

Company Contact Details

Contact Information:

Laura Viita

Vice President Controlling, Investor relations and Sustainability

WithSecure Corporation

Tel. +358 50 4871044

Email: Investor-relations@withsecure.com

Frequently Asked Questions

What is the Employee Share Savings Plan?

The Employee Share Savings Plan is an initiative that allows WithSecure employees to invest a portion of their salaries into company shares, promoting ownership and commitment.

Who is eligible to participate in this plan?

All WithSecure employees are eligible to enroll in the Employee Share Savings Plan and take advantage of its benefits.

How does the matching reward work?

For every share purchased with their savings, employees will receive an additional matching share from WithSecure as a reward, enhancing their investment portfolio.

When does the new plan period start?

The new plan period will start on January 1, 2025, and continue until December 31, 2027.

What happens to the dividends from the shares?

Dividends received from shares under the plan will be reinvested to acquire additional shares on the next available acquisition date.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.