Per Labor Relations: if you receive questions regarding what members have for their equity distribution on Jetnet, please have members either call the payroll service center at 1-800-447-2000 option 1 then 6, or email PSC@aa.com. Also, this is the stock award, so the shares went into their Computershare accounts. This is the tax that was…
Dear Brothers and Sisters: Below is the summary with respect to the TWU Reserve/Equity fund distribution: •The next equity distribution of $35,900,000 will be mailed out to eligible members on November 7th . This distribution will follow the same methodology that was used previously, which was established by the Equity Committee. •No different than before,…
Dear Brothers and Sisters: As a follow up to Friday’s conference call with TWU American Airlines Presidents, below is a summary of the latest developments, with respect to the TWU Reserve/Equity fund distribution: • First and foremost, the next equity distribution of $35,900,000 is expected to go out for distribution to eligible members in November.…
Equity Has Finally Arrived Why is the International using two (2) distributions for our equity? The International has been advised to distribute the equity in two (2) distributions. The first distribution will be approximately $55M, the second distribution will be approximately $30M from the funds along with the expected refund from the IRS in the…
Dear Brothers and Sisters: This letter is an update regarding the equity distribution from the TWU Equity Distribution Reserve Fund for those eligible to participate under the TWU Equity Distribution Plan established as a result of the bankruptcy. TWU, through Computershare, will be distributing $55 million dollars’ worth of the equity from the Reserve Fund…
Dear Brothers and Sisters: As we are moving closer to the next round of equity distribution, it is imperative that each member validate the information American Airlines shows on “jetnet” is current. This includes each member’s address and tax information, which will be used in the distribution process. During previous equity distributions, some TWU members…
Dear Brothers and Sisters: American Airlines will provide Computershare with some of the necessary information to distribute your equity check. If you have moved, or are unsure if the company has your current address, please verify that you have your current address listed on JetNet. Fraternally, Gary Peterson TWU International Vice President Equity Update…
TO: AA Locals 501 – 591 Dear Brothers and Sisters: As a follow up to today’s conference call with TWU American Airlines Presidents, below is a summary of the latest developments, with respect to the TWU Reserve/Equity fund distribution: – First and foremost, I am happy to announce that the TWU International was successful in…
This information was published back in 2013, The Shop Stewards have requested that we put it back up front for a refresher.. Equity Distribution Plan developed by TWU Equity Distribution Committee, and their financial advisers and legal experts Background In return for the concessions ratified by the TWU membership in the new CBAs, “me too”…
January 20, 2018 Brothers and Sisters: As a follow up to yesterday’s conference call with TWU Presidents, below is a summary of the plan that has now been agreed upon between TWU and American Airlines, with respect to the TWU Reserve/Equity fund distribution. The earliest the distribution will be is late May/early June, assuming all…