OWNERSHIP PLAN (ESOP)
The ESOP (Employee Stock Ownership Plan) creates a direct link between the company interests and employee interests. Since SUN established its ESOP in 2003, 100% of the company’s stock has been held in a trust for employees as a qualified retirement plan. Therefore, participants have a vested interest in the results of their work and the company’s performance and growth.
As of 2012, the National Center for Employee Ownership (NCEO) estimates that about 12,000 ESOPs, profit sharing, and stock bonus plans invest primarily in employer stock, covering about 11 million employees.