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CWA Local 4050/4090

21700 Greenfield Road
Suite 266
Oak Park, MI 48237

Phone: (248) 968 - 0983
or (248) 968 - 0998

Fax: (248) 968 - 1009

Info Line

(248) 968 - 0983 ext. 7


Email:

EXECUTIVE OFFICERS

President:
Dave Skotarczyk
ext. 301

Executive Vice President:
Troy Smith
ext. 302

Secretary/Treasurer:
Gerald Sokoloski
ext. 303

Vice President Global Services, Legacy-T and Avaya:
Mike Klein
ext. 304

Vice Presidents at Large Special Services:
Michael Mcleod
Ali Roby



Webmaster:
Mike Killewald



Important Announcements
Now that SBC has merged with AT&T and changed their name to at&t, there is a lot of confusion on information posted on this web site. Going forward with the new at&t's terminology, we will now be referring to pre-merger SBC employees as "Legacy-S" and the pre-merger AT&T employees as "Legacy-T"



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Local 4050 Topics:
Posted by Dave Skotarczyk on 2021/10/28 7:47:32 (57 reads)

The closing stock price on September 30th marked the end of the 2021 SSP Award Year. The stock price closed at $27.01 which is lower than the $28.49 closing stock price on October 1, 2020, at the beginning of the award year. As a result, there is no payout for the stock price appreciation component of the SSP for this award year. Additionally, the award includes a dividend equivalent component for dividends declared during the award year, the last of which was just declared through, September 30th and was for $0.52 per share. That makes four dividend declarations during the Award Year with each declaration being for $0.52 per share.
Per Employee Payout Calculation:
$312 = 150 Success Units X ($0.52 dividend declaration quarterly X 4)
For B1 pay cycle it will be paid on the 11/19/2021 paycheck.
For A1 pay cycle it will be paid on the 11/24/2021 paycheck.
This information is scheduled to be sent to employees on 10/29/2021.
Curt D. Hess
Assistant to the Vice-President
Communications Workers of America
District 4



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