Jasper Holdings has announced a new all-time record share value for 2025, reflecting strong company performance and market conditions.
Chairman and CEO Doug Bawel says the ESOP share price increased to $1,515.93 per share, up $220.78 from the prior year.
“Our ESOP has been a game changer for our associate-owners, their families, and the communities where they live,” Bawel says. “Our ESOP is truly about wealth-building for our associate-owners.”
Jasper states its JHI associate-owners receive an annual ESOP contribution of approximately 15% of eligible compensation in the form of new shares. Bawel notes the company’s ESOP has grown significantly since its inception in 2009, with a market value of nearly $2.2 billion.
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According to the company, JHI currently has 3,436 active associate-owner shareholders and has distributed more than $890 million in stock value since the ESOP began. The company says it has paid $147.6 million to participants who have retired, left the company, or elected the plan’s stock diversification option. JHI reports that 55% of associate-owners hold more than $50,000 in ESOP stock, 40% hold more than $100,000, and 26% hold more than $200,000.
“Our success is a reflection of our associate-owners across our eight companies throughout the U.S. and their commitment to making our Jasper Holdings companies world-class performers,” Bawel says. “They’ve developed an ownership mentality, focusing on what’s within our control, with a never-ending commitment to safety, quality, productivity, customer service, and reducing waste.”
