Two more big companies are passing savings from the tax bill along to employees.
Verizon said in an internal memo Tuesday that it’s giving 50 shares of restricted stock to full-time employees who aren’t executives. The amount will be calculated based on Verizon’s stock value on February 1.
The company explained that the grant will vest over two years and appreciate with dividend payments. Non-U.S. employees will receive a cash equivalent.
On Tuesday, Verizon shares closed over...