DuPont Sets Up Stock Grant Plan

Chemical Market Reporter, February, 1997

E.I. DU PONT DE NEMOURS & Co.'s board has authorized buying back up to 10 million shares of its common stock, which at current share prices would cost $1.09 billion. Behind the decision is an ongoing initiative to make DuPont's employees and senior managers more responsive to shareholder concerns.

All of DuPont's 92,000 employees will be eligible for a one-time grant to acquire 100 shares of common stock at $105 per share; last week, the stock closed at $109. This is the third time in five years that DuPont has offered its employees a 100-share option: in February 1991, employees could buy the same number of shares for $38.25 per share, and in January 1995, for $57. Under the plan, once the employees buy their round lots, they must wait until DuPont's share...

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