JOHNS CREEK, Ga.,
May 16,
2024 /PRNewswire/ -- On April
22, 2024, First Financial Security, Inc. (FFS) rang the
ceremonial opening bell of its first trading session at its annual
incentive trip in Punta Cana, DR,
in front of 200+ top-performing agents, leading carrier
representatives, and home office staff. The opening trading session
lasted just over two weeks, officially opening at 10:30 am on April
22 and closing at 8:00 pm on
Monday, May 6.
During the open trading session window, FFS Restricted
Stockholders accessed an online private secondary market trading
platform to easily trade their private stock awards between other
existing owners of FFS. Earlier this year, FFS partnered with an
industry leader to provide technology solutions for its private
market stock trading needs. The proprietary technology has serviced
some of the world's most innovative private companies with their
liquidity needs for employees and institutional investors. FFS is
proud to be part of their $50+ billion in executed transactional
value across 650+ company-sponsored liquidity programs.
"We were pleased to announce the partnership with the trading
platform, as we now have the vehicle to deliver on a long-standing
promise to our dedicated agents," said FFS Chairman Phil Gerlicher. "The FFS Restricted Stock Plan
was a big milestone in our commitment to those agents by allowing
them to directly benefit from our continued growth. Through this
new innovative platform, we can now reward the independent
contractors who help contribute to our collective success."
In 2023, FFS established a Restricted Stock Plan to allow its
top performers to become actual owners of FFS. Independent
contractors who work with FFS and achieve specific production
requirements in a calendar year receive restricted stock awards in
the form of non-voting common stock, allowing them to experience
increasing value as FFS grows and to participate in the company's
future gains. Since introducing the Restricted Stock Plan, the
non-voting common share price has increased by nearly 65%. This
increase, coupled with the record-breaking year FFS has had, is a
clear indicator of the potential future success FFS and its
shareholders will have.
First Financial Security, Inc. (FFS) is a national financial
brokerage agency dedicated to bringing financial security and peace
of mind to all people. With access to the most innovative products
from insurance carriers, FFS focuses on providing a full suite of
support for a highly diverse sales force, including all the
training, marketing, technology, and administrative support
necessary to grow thriving businesses of their own and serve their
clients in the field. www.FirstFinancialSecurity.com
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SOURCE First Financial Security, Inc