As you should know by now, our parent company U.S. Xpress went public recently this year. We’re excited to announce our Employee Stock Purchase Plan starting in 2019! As an employee of Total Transportation, you are eligible to participate if you have one year of service. You will have the opportunity to purchase U.S. Xpress Enterprises, Inc. Class A common stock through payroll deduction at 15% off the market rate.
There will be two enrollment periods per year. The first enrollment period will be in December 2018 for January-June 2019 and again in June for July-December 2019.
Employee contributions will be deducted from each paycheck based upon the % elected during each enrollment period. Then, at the end of each 6-month period, those funds will be used to purchase your company stock.
The purchase price will be 15% off of the lower of the fair market value at the start of the purchase period and end of the purchase period.