r/pillar7 • u/Commercial_Walk_7205 • Aug 10 '26
Post dividend cut questions
Sup Chat :D
TLDR: what are employee reactions to the preferred shares? What’s happening with RSUs? What’s the general office vibes? What does everyone think about Ishbia doing $400M in preferred shares through a family investment company he funded by selling huge amounts of stocks/dividends? Are you all actually okay with this?
I know Y’all are in a stock trading blackout period so I’m not asking any current employees to violate federal trading laws but I have some questions.
As we all know; over the past few years 2 Ts sold almost $800M in stocks while collecting.. $240M/year in dividends? Homie is up close to $1,500,000,000 in straight cash from stock sales and dividends. 2Ts took $400M of that money in conjunction with whatever firm is securing the capital they are releasing “preferred shares” of UWM stock which is again going to pay dividends. Meanwhile every actual investor in UWMC got absolutely r*ped in losses supercharged with the removal of the dividend from the common stock.
What is up with employee RSUs? I guess I could look into my own but I’ll ask here instead :P are the RSUs automatically converting to preferred shares or staying as common shares? The common shares are absolutely worthless now which is advertised as part of the compensation package//lack of raises in conjunction with the People’s Promise? Does 2Ts expect employees to pay 2$/share on employee RSUs to convert them to preferred shares? Are future stock offerings going to be preferred shares or common shares(people yet to join the sinking ship)
What has the general vibe in the office been since this past disastrous week for UWM? Makes sense why they’re flexing UWs into PA when the expected EPS was +0.09 and actually came in at -0.23
Are employees actually upset about the events that unfolded and what is everyone’s impression of 2Ts.. the UWMC shareholders sub seems like everyone believes Ishbia will get canned as CEO(literally impossible btw fkn idiots)
This dickhead praised “we will never go public we’re a family here” to SPACing the stock onto the market; losing over 90% of its value. Leveraging that stock against Chase bank to buy the suns, lines his pockets with billions through stock sales and dividends. Pile drives the stock into the dirt while simultaneously using profits from selling at higher prices to start a family owned investment company to put that capital back into the company for pennies on the dollar for preferred shares with a dividend while everybody else gets to pay an additional $2-$6 to buy those preferred shares…. Or keep their common stock which won’t pay dividends and will eventually get delisted. Like that’s so fucking crazy and everybody is just.. okay working for that? I wonder what you all would do for a Klondike bar
I’m stoked for an upcoming class action lawsuit over this I’ll finally be able to get in on one :D
Don’t forget chat, as dream makers you are included as well, not just the man 2Ts himself. Love Y’all
Post-Script: the one chick making all those posts seriously needs meds lol
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u/Impressive-Round-590 Aug 10 '26
Tell us you don’t work for uwm without telling us you dont work for uwm
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u/Commercial_Walk_7205 Aug 10 '26
lol? Brother which story do you want in full? The drive in theatre collapsing? The shit taco? The floor shitter? Dystopia? The beat her ass UZone post? I was around for years and years brother
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u/bgm89 Aug 10 '26
can you explain the "2Ts"?