The Puerto Rico Restricted Stock Award Plan (RSA) offered by Coca-Cola Enterprises, Inc. is a comprehensive program designed to provide eligible employees, primarily located in Puerto Rico, with an opportunity to acquire company stock as a form of incentive reward. This plan enables employees to acquire shares of Coca-Cola Enterprises stock at a predetermined price, subject to certain restrictions, thus encouraging their ongoing commitment and contribution to the company's success. Under the Puerto Rico RSA, there are two main types of awards offered: 1. Restricted Stock Units (RSS): RSS represent a promise to deliver a certain number of Coca-Cola Enterprises shares to the employee after specific conditions have been met. These conditions usually include the completion of a specified service period or the achievement of predetermined performance objectives set by the company. Once the restrictions are lifted, the RSS convert into actual shares of Coca-Cola Enterprises stock, allowing employees to become partial owners of the company. 2. Performance-Based Awards: These awards are contingent upon achieving defined performance targets established by Coca-Cola Enterprises. Based on these targets, employees have the opportunity to receive a specific number of shares within the plan. The performance objectives can vary from financial metrics to strategic goals, and their attainment determines the final value of the stock award to be granted. The Puerto Rico RSA plan doesn't solely focus on the acquisition of restricted stock; it also addresses other important aspects such as vesting schedules, taxation, and shareholder rights. The plan specifies the vesting period for each award type, during which employees must continue their employment with Coca-Cola Enterprises to retain the rights to the granted shares. Moreover, the plan outlines the process for determining the fair market value of the restricted shares at the time of grant and the tax implications associated with these awards, considering both Puerto Rican and federal tax regulations. Coca-Cola Enterprises implements this Puerto Rico RSA plan to align the incentives of its employees with the overall success and growth of the company. By offering the opportunity to become shareholders through restricted stock awards, the plan seeks to motivate and retain top talent while fostering a culture of ownership and commitment among the workforce in Puerto Rico.
Puerto Rico Restricted Stock Award Plan of Coca-Cola Enterprises, Inc.
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CocaCola stock-based compensation for the twelve months ending June 30, 2023 was $807M, a 4.95% decline year-over-year. CocaCola annual stock-based compensation for 2022 was $0.356B, a 5.64% increase from 2021.
In 2003, the Company established a program to grant performance share units under The Coca-Cola Company 1989 Restricted Stock Award Plan to executives. In 2008, the Company expanded the program to award a mix of stock options and performance share units to eligible employees in addition to executives.
Dividend Data The Coca-Cola Company's ( KO ) dividend yield is 3.14%, which means that for every $100 invested in the company's stock, investors would receive $3.14 in dividends per year. The Coca-Cola Company's payout ratio is 72.26% which means that 72.26% of the company's earnings are paid out as dividends.