The programme, valued at HUF 1,113 million (approximately $3.2 million), is targeted at management and key employees, 40 individuals in total.
The participants will become owners of Waberer’s Employee Stock Ownership Programme Organisation and will use the allocated funds to purchase shares in the company.
Under the ESOP remuneration policy, eligible participants may receive cash-based rewards on the sale of these shares, subject to the achievement of specific EBIT targets set out in Waberer’s strategic plan.
The earliest potential payout date is 2026.
The ESOP scheme is not a common loyalty programme in the European transport sector. In 2018, the French company Stef Transport implemented a comparable employee share ownership programme. This initiative offered company shares and savings accounts to all employees with at least three months of service.
Stef Transport’s programme served as a precedent for employee shareholding models in the European transport sector.