GameStop, $GME, plans to reward thousands of employees with stock and pay raises.
The company plans to award stock to all of its U.S. store leaders and give raises to some senior store staff. Store leaders will receive up to $21,000 in stock, which will vest over three annual installments.
The financial awards will start next month, Chief Executive Matt Furlong said in the memo. Mr. Furlong didn’t specify what amount of time employees would need to have worked at the company to qualify for the raises.
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