As an employee-owned firm, we continually seek ways to sustain our private ownership model, not only for the benefit of our employees but for the autonomy and sustainability of our firm. Over the past several years, our program has expanded – from just under 26 percent of employees owning stock in 2015 to over 38 percent in 2022. Providing more employees with the opportunity to become stockholders aligns with one of our core values to ‘act like owners.’ It also allows us to have more control of our future, allowing us to put our people and principles before profit.
The growth of our ownership program
The opportunity to purchase shares is offered to employees who demonstrate consistent and exemplary performance, and who uphold our values in their actions. Employees have the opportunity, depending on their contributions to the firm, to move up through ownership levels as their careers progress.
We believe private ownership is essential to our success, as is fostering the next generation of owners. During our past strategic planning process, we set a goal to expand to one-third employee ownership. Through more frequent and expanded communications about why private ownership matters, and the creation of new approaches like an initial stock match grant, we surpassed that goal in 2020. Since our 2015 goal was set, we saw an increase in both the total number of stockholders and the percent of ownership, rising from 25.8 percent to 38.6 percent of employee ownership today