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Market volatility triggered by the COVID-19 pandemic is causing a substantial percentage of employees to exercise or sell equity capital to meet immediate financial needs, especially among younger workers, according to a study of 1,000 equity compensation participants by Schwab.
Forty-three percent of those surveyed said they have exercised or sold equity compensation or employee stock purchase plan (ESPP) at some point in their career. Of those, 67 percent said they did so recently because of market volatility and economic downturn related to the pandemic.
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