Anonymous
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Anonymous
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Hello, I heard that Novartis offers a stock plan for employees? Could someone explain how this works? I'm interviewing for a position.
Hello, I heard that Novartis offers a stock plan for employees? Could someone explain how this works? I'm interviewing for a position.
Hello, I heard that Novartis offers a stock plan for employees? Could someone explain how this works? I'm interviewing for a position.
Yes, NPC offers a stock plan. If you are a Representative you have to have a 2/3, 3/2, or 3/3 for your annual performance ratings to receive tradable options and/or restricted stock awards. If you are a Manager, you only have to have a 2/2 or better to receive tradable options and/or restricted stock awards.
I big catch though... There is a 3 year vesting period before you can actually exercise any of the stock options. Give that fact and that Novartis has sales force layoffs every year for the past 4-5 years, chances are you will never receive them. It looks nices on the Fidelity statement, but its tough to hang in there long enough to capitalize on them.
Thank you. How many shares does a Rep typically receive? Also what is 2/3 3/2 and 3/3? Sorry but I am not familiar with these rating systems.
Just cashed out a bunch of stock. Price is good right now and won't get higher