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Since the corporation is privately held, Wawa secures an independent evaluation of its stock price at normal intervals to make sure that the more info ESOP is pretty managed. Right now, the ESOP accounts for over forty% of Wawa stock.
In 1977, Wawa started sharing possession of the organization with its associates by means of earnings-sharing ideas. In 1992, Wawa formalized its affiliate possession with its Staff Stock Possession Approach (ESOP), with stock being awarded to associates on a yearly basis based upon the prior 12 months's company.
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