An Employee Stock Ownership Plan (ESOP) is a method of providing beneficial shares of a company to its employees, in what is, effectively, a retirement plan. At the end of each year, GTM contributes a combination of GTM stock and cash to a dedicated ESOP account for each employee. As the value per share increases, and as the employee receives more shares and vests, the employee’s retirement account grows.
The goal of the ESOP is to align the values and fortunes of both the company and the employee towards continued business performance. This plan is designed to bring value to those who contribute to the success of the organization.