Quick summary: Wawa is a privately held company, which means there is no Wawa stock available to buy through Robinhood or any other broker. Wawa employees do hold stock in the company through an ESOP plan, but their shares are not obtainable in any secondary market. Introduction: Is Wawa Publicly Traded?
Can you buy Wawa stock?
Annually, Wawa invests a significant amount of its profits into the ESOP. All eligible associates of Wawa receive a percent of their earnings contributed to the ESOP. The Wawa ESOP is open to all Wawa associates who meet three simple conditions: Age 18 or older; 12 months must have passed since hire date; Work a minimum of 1,000 hours each year; Links
What is Wawa known for?
Only employees can participate in the Wawa stock and it grows FAST! You get this opportunity after working with the company for a year and i love that wawa has this ! After working for the company for 2 years, you become a shareholder in the company, and they put stocks into an account for you.
What is it like to work as a CSA at Wawa?
Wawa associates are able to take advantage of the employee stock ownership plan (ESOP). The employee stock ownership plan promotes sharing ownership of Wawa throughout the company. At this time, over 9,000 employees hold stock for the company. All eligible workers have a percentage of their earnings contributed to ESOP.
Will Wawa ever go public?
Aug 04, 2021 · In short, you can only buy shares of Wawa stock if you are an employee. Unfortunately, the general public cannot purchase the stock until the company goes public. However, there is no guarantee that Wawa will ever be public. Who Owns Wawa? As previously stated, employees own roughly 40% of the company through the Employee Stock Ownership …
Do Wawa employees get stock?
How do I get my ESOP money?
How much is Wawa ESOP worth?
How do employee owned stocks work?
Can I cash out my ESOP?
When can I get my ESOP money?
How do I get my ESOP from Wawa?
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The Wawa ESOP is open to all Wawa associates who meet three simple conditions:
- Age 18 or older.
- 12 months must have passed since hire date.
- Work a minimum of 1,000 hours each year.
Is working at Wawa worth it?
How much does the CEO of Wawa make?
What happens to ESOP when you leave company?
How do I avoid tax on ESOP?
Why is ESOP bad?
Who Owns Wawa?
Until very recently, Wawa was owned by its founding family, the Wood family.
Should You Buy Wawa if It Goes Public?
If Wawa becomes publicly traded, it might be a good idea to pick up some shares.
Wawa Competitors
If you’re looking for a company with similar growth or value as Wawa, take a look at some of its competitors below.
Wawa Stock: Final Thoughts
Wawa is one of the most popular chains for anyone looking for fast, reliable service.
Wawa Stock FAQ
Take a look at our answers to the most frequently asked questions about Wawa stock.
Who Owns Wawa?
As previously stated, employees own roughly 40% of the company through the Employee Stock Ownership Plan. The Wood family, the founders of Wawa, also own a large stake in the business. The family net worth was estimated to be over $1 billion based on 2015 data from Forbes.
Will Wawa Ever Be Public?
Clearly, there would be investor demand for a publicly traded Wawa stock. Rumors certainly have been present that someday soon Wawa will file an initial public offering (IPO) to bring the company public. However, Wawa leadership has recently stated that they are committed to remaining private.
Wawa Public Competitors
You may wish to research these convenience store alternatives for potential investment since Wawa is not publicly traded:
Introduction: Is Wawa Publicly Traded?
Wawa is a popular convenience store and gas station chain that is found throughout the Mid-Atlantic region and Florida, with an especially strong presence in Pennsylvania and New Jersey. It is the 29th largest privately held company in the US according to Forbes, with $11 billion in annual revenues and about 38,000 employees.
Wawa: A Brief Company History
Wawa has its origins as an iron foundry in New Jersey dating back as far as 1803. The owner, George Wood became interested in dairy farming later in the century and opened a small dairy processing plant in Wawa, PA in 1902.
Wawa Employee Stock (ESOP) Information
Wawa is known for its employee stock offering plan or ESOP, which started in 1979. The company highlights that more than 20,000 employees take part in the plan and the company is 40% owned by the ESOP. According to the company, Wawa’s ESOP is in the top 10 for overall participation in the country.
Potential for Wawa Stock IPO or SPAC in 2022?
With the high number of IPOs and SPACs hitting the market in recent years, you may also wonder what the likelihood of Wawa going public in the near future is. For potential retail investors of Wawa the news on this front is not encouraging.
Wawa Competitor Stocks on Robinhood
Unfortunately for investors, the nearest close competitors to Wawa such as 7-11 and Sheetz are also privately held.
Conclusion
It’s natural if you’re a fan of Wawa and have heard the stories of how valuable Wawa employee stock has become to be interested in investing in it yourself. Unfortunately, Wawa does not have stock for retail investors and is unlikely to offer shares anytime soon.
Ratings by Demographics
This rating reflects the overall rating of Wawa and is not affected by filters.
Great company-poor management
Time management, putting employees in optimal positions, call outs, lack of followup from management
Basic Surviving Wawa Tips
Flexible hours, great benefits which include a match 401k and match employee stock!
Great starter job
Employee stock program was a great addition to the pay. Depending on your shift the workload could be calm or hectic.
Average
Employee stock options and 401k contributions Some levels of management get monthly bonuses
Great Place to Start
Competitive Pay. Job Security. Good Benefits. Employee stock options. 401K % matching.
Is the work week for managers bad?
The work week for managers is not bad. Schedule is manageable. Pay is decent and bonuses can be good if you are in the right store. Associates don't recieve enough training time and that is worse in the current Era with the labor shortage so they often quit but if you get a good store management team, you can sometimes mitigate this situation to a degree. Job security is non-existent and they will constantly threaten you. Job is physically demanding and can be bothe stressful and fun at times. In short, land at the right store with a team you mesh with well and it's not too bad, Land at a poorly run store and it can be a nightmare. Internal politics are unbearable - be prepared to step on people or get stepped on. PTO is generous, benefits are decent and compensation is okay.
What does "work ethic" mean?
Work ethic means nothing because it just depends on if you can dazzle your way to a promotion.
How do employees become owners of stock?
Employees can buy stock directly, be given it as a bonus, can receive stock options, or obtain stock through a profit sharing plan . Some employees become owners through worker cooperatives where everyone has an equal vote. But by far the most common form of employee ownership in ...
Can employees buy stock?
Employees can buy stock directly, be given it as a bonus, can receive stock options, or obtain stock through a profit sharing plan. Some employees become owners through worker cooperatives where everyone has an equal vote. But by far the most common form of employee ownership in the U.S. is the ESOP, or employee stock ownership plan.
How long does it take to get 100% vested in a company?
Employees must be 100% vested within three to six years, depending on whether vesting is all at once (cliff vesting) or gradual.
What happens when employees leave a company?
When employees leave the company, they receive their stock, which the company must buy back from them at its fair market value (unless there is a public market for the shares). Private companies must have an annual outside valuation to determine the price of their shares.
Can a company use an ESOP to buy out a departing owner's shares?
To buy the shares of a departing owner: Owners of privately held companies can use an ESOP to create a ready market for their shares. Under this approach, the company can make tax-deductible cash contributions to the ESOP to buy out an owner's shares, or it can have the ESOP borrow money to buy the shares (see below).
