LILLY SHARES EQUITY GRANT BULL$Hi+ (No More Pension Folks)

Quote












Lilly retiree here. It's amazing how little information is made available after you retire. So can someone explain the basics of Lilly shares? Back in the 90s, Lilly launched the "Globalshares" program in which all employees worldwide received an option to purchase 100 shares of Lilly stock at a fixed price (minimum waiting period, 3 years) for up to 10 years. This was when Lilly stock was on a roll, increasing year after year. Many employees cashed out after the three year waiting period and made a bundle. So is the Lilly Shares the same or something different?
 








anonymous said:
Lilly retiree here. It's amazing how little information is made available after you retire. So can someone explain the basics of Lilly shares? Back in the 90s, Lilly launched the "Globalshares" program in which all employees worldwide received an option to purchase 100 shares of Lilly stock at a fixed price (minimum waiting period, 3 years) for up to 10 years. This was when Lilly stock was on a roll, increasing year after year. Many employees cashed out after the three year waiting period and made a bundle. So is the Lilly Shares the same or something different?
Click to expand...

You are retired so why do you care since you aren’t getting anything! Stock options, ie Globalshares, went away in 2006 when the tax laws changed. They only gave them out twice, and the second one barely made you any money. People are now given grants of stock which they can’t cash in for usually 3 years. You are given the stock equivalent of a dollar amount, ie $500 becomes x shares of stock based on the stock price the day its granted. In 3 years, if stock price goes up you can sell the shares and get more than $500 and if the stock price goes down, you get less money. Or you can hold onto them.
 








Pension?? Ha! I’ve been hearing about this pension for years ... but everytime I look for details or calculators on the benefits page, I find nothing but vague references to it. I’ve given up on the idea that this pension will still be around by the time I retire (similar to the extra week of vacation for newlyweds and the 5 year anniversary perks ... both of which disappeared (permanently and temporarily respectivly) by the time I was eligible.
 
















Top Bottom
Back
Quote