Date Posted
AT&T has notified the Union  of this years SSP award  values as bargained for in the Collective Bargaining Agreement.   This award is tied to your ability to help make this company a success as determined by the increase in stock value and the dividends declared.    Union members who meet eligibility criteria as described in the contract will receive this  award in the November 18,  2016 paycheck.   The total value of the 2016 SSP award is $1,500 per eligible full-time employee. Here’s how to determine the amount of the SSP award. Each eligible employee receives an award of 150 Success Units that are multiplied by the increase in stock price during the award year, plus dividends declared during that same period.  The stock price appreciation was measured from Oct. 1, 2015 at $32.53 to Sept. 30, 2016 at $40.61, for an increase of $8.08.  Dividends were declared 4 times during the award year at a rate of $0.48 per share. Therefore, the calculation is 150 Success Units multiplied by the sum of the increase in stock price over the term ($8.08) and dividends declare ($1.92) – which equals $1,500.