Way better than I thought

ddiggler · Post by **ddiggler** » Mon Jan 15, 2007 1:54 pm

I just saw the pay figures on Pilot central and with the stock, gives better than anything in Canada. Correct me if I am wrong.

-Can the employees sell any stock acquired with pay along the years

-Do they get it gradually along with salary or is it bulk once a year.

-If they exercise the 20% option on pay, can they sell it at will afterwards.

Montreal is not a port in the system. Is it possible to live there and have a comfortable schedule --from yyz port-- commuting

At the present time, if a candidate is ok, how many years before an upgrade.

I'm starting to understand this would be a great place to work

Thanks

Ryan Coke2 · Post by **Ryan Coke2** » Mon Jan 15, 2007 3:09 pm

ESP stock vests for 1 year after you get it. After that you can sell it at will. In other words, every month (once you have been contributing for 1 year), additional stock vests and becomes available to you.

Stock options (different from 20% stock ESP)--you get a batch every May, exercisable at a given price. It vests for 2 years, then you have 2 more years to exercise them.

YUL commute--there may be a port there at some point, but you could use YYZ in the meantime. Don't count on getting your whole sked out of either place though, you will still have to go to YYC probably a few times a month. There are lots of people that do live out East and make it work (by East, I mean it in the East of Winnipeg sense).

Upgrades--????. Right now the FO's getting the upgrade are about 3-4 years-ish. What would it be for someone getting on now? Who knows, really depends on where the company goes beyond what we know about. Right now about 64 aircraft, plans for about 90+ by 2010. Again, it all depends on where the fleet goes at that point.

Good luck.

Four1oh · Post by **Four1oh** » Tue Jan 16, 2007 1:50 pm

Ryan Coke2 wrote:ESP stock vests for 1 year after you get it. After that you can sell it at will. In other words, every month (once you have been contributing for 1 year), additional stock vests and becomes available to you.

To add to that, you can't just sell them every month. You're allowed 4 trades a year from ESP.

427wedge · Post by **427wedge** » Tue Jan 16, 2007 6:51 pm

Four1oh wrote:
Ryan Coke2 wrote:ESP stock vests for 1 year after you get it. After that you can sell it at will. In other words, every month (once you have been contributing for 1 year), additional stock vests and becomes available to you.
To add to that, you can't just sell them every month. You're allowed 4 trades a year from ESP.

Incorrect, you can only transfer from CIBC Mellon 4 times a year, you can sell every day if you like from your own account.

Four1oh · Post by **Four1oh** » Tue Jan 16, 2007 11:28 pm

yeah, what mr picky said!

wasp · Post by **wasp** » Wed Jan 17, 2007 9:51 am

4 trades per. account, rrsp or straight stock

twinpratts · Post by **twinpratts** » Wed Jan 17, 2007 2:57 pm

So what can a FO expect to see on his take home statement by year 4?

2low · Post by **2low** » Wed Jan 17, 2007 4:05 pm

about what a captain at Jizz makes in 15 years!

ddiggler · Post by **ddiggler** » Thu Jan 18, 2007 2:00 pm

Ok, but as seen on Pilot central, FOs get 80k worth of shares and capt get 110k every year. Now if you add salary and expense accounts....

Just saying this is a lot

Plan B might as well become plan A

Ryan Coke2 · Post by **Ryan Coke2** » Thu Jan 18, 2007 2:40 pm

The 80k for FO's and 110 for Captains is where that site is off. That is the dollar value of options you get. In other words, if you are an FO and the stock was $10 (the strike price) you would get 8000 [u]options[/u]. When the options are exercisable (yr2-4 after you get them) if the stock is worth the same $10, then the options are worth nothing. If the stock is at $15, then you could get $40000 (8000 options x $5 increase in share price). This can get more complicated, but 80k of options is not worth 80k to your pay. In fact, the assumed worth is actually about 28k of money, but it still just depends on what the stock does. Hope that makes sense.

As for take home, it depends on what you do with the ESP. Assuming you fully participate, there is no question that our bi-weekly take home is relatively small considering what we are making (since almost 40% of you pay is going towards ESP--20% from you, 20% from the company). On the other hand, at the end of the year you have alot of money accrued in stock (if you made 100k, you would have about $40k in stock).

Flightlevels · Post by **Flightlevels** » Thu Jan 18, 2007 2:51 pm

too low, just flew with a guy who worked at CMA before, he has been here 3 yrs said he made 106k as an FO on his last stub for the year.

2low · Post by **2low** » Thu Jan 18, 2007 4:27 pm

Awesome!, I was just saying how low the salary is for a 15 year Jazz captain. A Westjet fo seems to make a hellofa lot more...lol