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YOUR WEAL TH Quick Contact Details:
Gray’s Benefits team in the
Employee Stock Ownership Plan (ESOP) Human Resources department

Employee Stock

Ownership Plan (ESOP)

Did you know Gray is 30% employee owned? As a proud owner of Gray, you will share in the

success of the company by earning additional income for retirement and acquiring beneficial
ownership interest.

What is an ESOP? Who runs Gray’s ESOP?

Gray’s ESOP is one of our most
exciting benefits! It’s a qualified
retirement plan governed by
ERISA (IRS, Department of Labor) Trustee Third Party Administrator
The Trustee oversees the Maintains the ESOP records and
that provides team members ESOP for the exclusive produces participant statements
benefit of participants
with ownership in Gray, thus
sharing in the capital growth and
dividends of the company. It’s Administrator Independent Valuation Firm
also an effective tool for business Gray’s Board of Directors Completes annual
valuation of stock
ownership succession planning.

How does Gray’s ESOP work?

Gray established Gray makes a As the ESOP makes When you leave the
an ESOP and contribution to the its loan payment, company, you receive
loaned it money to ESOP each year so it can participants are the value of the
buy 30% of the company’s make its loan payment. allocated shares in vested portion of
stock in two separate (NO team member their account. your ESOP account.
transactions. funds are required.)

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