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Home > Employee Stock Ownership Plan

Employee Stock Ownership Plan

Employee Ownership at Palmer Holland

At Palmer Holland, we are more than employees—we are proud owners of the company.

We became an employee-owned in 2019, and since then we’ve strengthened our commitment to shared success every day. Through our Employee Stock Ownership Plan (ESOP), eligible employees become owners—sharing in the business's growth, performance, and long-term success.

This structure strengthens our culture, aligns our goals, and reinforces our commitment to doing what’s right for our customers, partners, and each other.

As an employee owner, when Palmer Holland succeeds, you succeed.

What Is an ESOP?

An Employee Stock Ownership Plan (ESOP) is a company-sponsored retirement benefit that provides employees with ownership in the company.

At Palmer Holland, the ESOP allows employees to earn shares of company stock over time at no direct cost. As the company grows and performs, the value of those shares may increase, helping employees build long-term financial security.

An ESOP creates a direct connection between individual contributions and company success.

Why Employee Ownership Matters

Employee ownership plays a central role in how we operate as a business.

As an employee-owned company, we are more invested in our work, our relationships, and our results. Ownership fosters accountability, collaboration, and a shared commitment to long-term success.

At Palmer Holland, being an owner means thinking beyond individual roles and contributing to something bigger.

Benefits of Our ESOP

Build Long-Term Financial Value

Our ESOP is designed to help employees grow their retirement savings over time. As the company performs well, employees benefit directly from the value of their ownership.

A Meaningful Sense of Ownership

Employees are more than team members; they are owners. This creates a stronger connection to the company’s success and encourages pride in the work we do.

Transparency and Trust

As an employee-owned company, we prioritize transparency around company performance. This helps employees stay informed and engaged in the business.

Flexibility in Retirement Planning

The ESOP complements traditional retirement plans, giving employees additional flexibility and another way to plan for the future.

Employee Ownership Council (EOC)

The Employee Ownership Council (EOC) at Palmer Holland is a volunteer, employee-led group that supports education, engagement, and culture within our employee-owned company.

The EOC helps employees understand how our ESOP works and how their contributions impact company performance. Through communication, events, and ongoing initiatives, the council promotes ESOP education and strengthens employee engagement across the organization.

A Culture Built on Ownership

Employee ownership is more than a structure; it’s part of our identity.

It shapes how we think, collaborate, and grow. It reinforces our commitment to long-term relationships, accountability, and shared success across the organization.

At Palmer Holland, ownership isn’t just something we offer—it’s something we live every day.

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Westlake, Ohio 44145

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