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Apple giving $2,500 in stock to its rank-and-file employees

Apple CEO Tim Cook
Apple CEO Tim Cook. Photo: Justin Sullivan / Getty

Apple is giving restricted stock grants worth $2,500 to lower-level employees worldwide and boosting the level at which it matches employee charitable donations, Axios has confirmed.

The stock grants, reported earlier Wednesday by Bloomberg, apply to employees below the rank of director. They are being announced just as the company detailed plans to repatriate $250 billion in cash and invest more in the U.S.

Our thought bubble: The moves follow the recent tax overhaul, but give no credit to Trump or the Republican-led Congress, irking some on that side of the aisle.