The payout for eligible employees for the 2016 Success Sharing Plan is $1500.00.
The closing stock price on September 30th marked the end of the 2016 SSP Award Year. The stock price closed at $40.61 which is higher than the $32.53 closing stock price on October 1, 2015 at the beginning of the award year. As a result, the stock price appreciation component of the SSP for this award year will pay out. Additionally, the award also includes a dividend equivalent component for dividends declared during the award year, the last of which was just declared on Friday, Sep 30th and was for $0.48 per share. That makes four dividend declarations during the Award Year with each declaration being for $0.48 per share.