Here's the memo Apple CEO Tim Cook just sent to employees about a new stock program that could give retail employees up to $2,000 in stock grants
The memo, which was published by 9to5Mac's Mark Gurman, reveals that Apple is expanding its restricted stock unit (RSU) program for employees.
Apple typically selects certain employees that are eligible to receive RSUs in order to incentivize them to stay at the company, the memo says. These types of offers are usually made within Apple's product team, but now the company is broadening its rules so that more Apple employees are eligible for a grant. These can include AppleCare and Apple Retail employees too.
Gurman's sources say Apple started to distribute RSUs to retail employees on Wednesday, with grants ranging from $1,000 to $2,000 worth of shares.
Here's the letter from Cook: