New Plan Latest Addition to Company's
Comprehensive Benefits, Including Minimum $20 Starting Wage, Market-Leading Retirement
Contributions and Tuition-Free Education
STAMFORD, Conn., April 29,
2025 /PRNewswire/ -- Charter Communications
(NASDAQ: CHTR) today announced the launch of an Employee Stock
Purchase Plan (ESPP), designed to encourage and reward employee
tenure and empower its workforce to share in the Company's success.
Eligible employees will now have the opportunity to purchase
Charter stock through payroll deductions and will receive matching
Restricted Stock Units (RSUs) based on their years with
Charter.
"In my meetings with employees around the country, one of the
most frequent topics of conversation is they want the opportunity
to own stock and share in Charter's success," said Chris Winfrey, President and CEO of Charter
Communications. "Ownership is a powerful concept. It drives
accountability, fuels long-term growth, and aligns us for success.
As shareholders in our Company, we are not just employees — we are
owners. And that distinction makes an incredible difference in how
we can better serve our customers."
Through Charter's ESPP, eligible employees can choose the amount
they'd like to contribute from each paycheck to buy Charter stock
– up to 15% of their pay, with a maximum of $5,000 per year. Charter will match the purchase
with a grant of RSUs based on the employee's tenure with the
Company. The longer they have been at Charter, the more RSUs they
will receive. These RSUs fully vest after three years, offering
employees another meaningful incentive to grow their careers with
Charter.
Charter's ESPP is available for all active, full-time employees
that are not included in the Company's annual equity program.
Participants can adjust or withdraw their contributions during each
six-month purchase period if their needs change, making building
ownership over time more accessible and convenient.
Winfrey added, "From competitive pay and great benefits to
tuition-free degrees and self-progression programs, we continue to
invest in making Spectrum a great place for all employees to build
long and rewarding careers. The ESPP is yet another way we're
working to create an environment where employees are motivated and
invested as owners to deliver their best for our customers."
The launch of Charter's ESPP is part of the Company's multiyear
investment in a skilled, tenured and 100% U.S.-based workforce who
create and deliver superior products and service for its customers.
Charter offers a competitive starting wage of at least $20 per hour – nearly three times the federal
minimum wage. Employees receive comprehensive health benefits, for
which the Company has absorbed the full annual cost increase the
last 12 years. Charter also provides employees a market-leading
retirement plan with a Company contribution of up to 9% a
year. Additionally, a variety of education and career progression
programs are available, including an Education Benefit which covers
100% of tuition costs for full-time employees pursuing select
degrees and certificates from 300+ participating programs.
Employees also receive free and/or discounted Spectrum products,
including Spectrum Mobile, TV and Internet.
About Charter
Charter Communications, Inc. (NASDAQ:CHTR) is a leading
broadband connectivity company and cable operator with services
available to more than 57 million homes and businesses in 41 states
through its Spectrum brand. Over an advanced communications
network, supported by a 100% U.S.-based workforce, the Company
offers a full range of state-of-the-art residential and business
services including Spectrum Internet®, TV, Mobile and Voice.
More information about Charter can be found at
corporate.charter.com.
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SOURCE Charter Communications, Inc.
