CLAYTON, Ala. — Company truck drivers and support personnel at Boyd Bros. Transportation will soon benefit from a ground-breaking new stock plan announced by its parent company, Daseke, the largest owner and a leading consolidator of open deck transportation and logistics solutions in North America.
Under the new plan, an estimated 1 million shares of common stock with a current valuation of an estimated $9.9 million have been earmarked for the 2017 employee stock awards program, according to Lori Furnell, vice president of communications.
Restricted stock units (which are the right to receive common stock, subject to various vesting, transfer and other restrictions and which are referred to as “stock grants”), will be awarded to company drivers and support team employees who are employed by Boyd Bros., and who were with a Daseke company in 2016.
Stock grants will also be made to company drivers and support team employees who joined, or will join, Boyd Bros. or a Daseke company in 2017.
Boyd Bros., a flatbed truckload carrier that operates throughout the eastern two-thirds of the United States, hauls primarily steel products and building materials.
In these markets, Boyd Bros. serves high-volume, time-sensitive shippers that demand time-definite delivery.
Stock grants will be awarded after one full quarter of service. For example, professional company drivers and support team employees who were hired in the first quarter of 2017 will be granted stock grants this month. Initial stock grant awards for those employed on December 31, 2016, began last month.
Boyd Bros. Transportation was founded in 1956.