GoTyme Bank, a digital bank in the Philippines, said it plans to expand its employee share ownership program to all eligible employees in good standing, extending future share grants to more than 90% of its workforce.

Based on the company’s LinkedIn employee count, the program could cover more than hundreds of workers in the Philippines.

Earlier descriptions of the program said 2,000 employees globally could acquire stakes in GoTyme.

The company has not publicly disclosed full details of the awards structure.

Philippine tax rules issued in 2022 treat equity-based compensation as taxable compensation when exercised or availed of, which creates withholding obligations and cash flow issues for employees.

🔗 Source: GoTyme