understanding how your espp worksto increase or decrease your payroll deduction and suspend or stop...
TRANSCRIPT
Your Employee Stock Purchase Plan (ESPP) offers you a convenient way to acquire shares of your company’s stock, often at a discount. The chart below helps you understand the stages of an ESPP, defines some important terms, and explains how you can use the Stock Plan Account to help monitor and manage your plan.
PURCHASE PERIOD
The stages of your ESPPFrom enrollment to the sale of shares
You enroll during the enrollment period
as specified in your plan documents. Your
company may offer either a single or open
enrollment for an offering period. During the
enrollment period, you may also be allowed
to increase or decrease your payroll deduction
and suspend or stop contributions.
When you purchase shares, you can
keep the purchased company stock
and sell it at a later date or sell it
immediately. When you sell the
shares, you can request a wire or
check, in multiple currencies.
Once your company shares are
purchased, they are deposited
and held in your Stock Plan
Account. Most plans do not have a
holding requirement. If your plan
does have a holding period, refer
to your plan rules. When you sell
the shares, you may be required to
pay taxes. Tax rules vary by country,
and it is recommended that you
consult your tax advisor for advice.
You may be able to contribute a
percentage or a flat dollar amount (in
after-tax dollars). Your plan rules will
stipulate the amount you may contribute
of your eligible compensation. This
money is automatically set aside each
pay period and held by your company
until the purchase date. Many companies
allow you to withdraw your accumulated
contributions at any time, subject to your
plan’s restrictions.
On the purchase date specified by
your plan, Fidelity Stock Plan Services
automatically purchases as many whole
and fractional shares as possible (if plan
rules allow) with the accumulated funds
in your Stock Plan Account. Your plan
may offer you a discount off the fair
market value (FMV) of the stock on the
first or last day of the offering period,
whichever price is lower.
ENROLLMENT PERIOD OFFERING PERIOD HOLD OR SELL SHARES ACCESS PROCEEDS
Monitor and manageWork with your ESPP online throughNetBenefits.com.
Get started by completing your Participant
Agreement online.
• Go to NetBenefits.com.
• Click the Outside U.S. Employees tab and log in.
• If you are a new user, you will need to complete
the new user registration by clicking Register Now.
You will be required to enter your: o Participant number (begins with an “i” and
is provided by Fidelity Stock Plan Services)o Employee ID (provided by your employer) o Date of birth
• Create a username, password, and a security
question. Click Submit and then Log In.
While your funds accumulate, you can:
• Change your payroll deduction.
• Review your company ESPP under the
Stock Plan Summary tab.
To see your purchased shares:
• Once logged in to NetBenefits.com,
click your ESPP link and choose
Transaction History.
To access your proceeds:
• In the Stock Plan Summary tab,
click the Stock Plan Account link.
Then choose Withdraw Money.
• You can request a wire or check, in
more than 100 currencies. Transaction
and currency conversion fees apply.
Sell your shares by placing a trade
through Fidelity Stock Plan Services:
• Log in to NetBenefits.com. In the Plan
Summary tab, click the Stock Plan
Account link. You will be taken to the
Position Summary/Cost Basis page. You
will have the ability to choose the Stock
Sell Request link.
• To contact Fidelity Stock Plan Services,
go to Fidelity.com/globalcall for
phone numbers and dialing
instructions.
For further assistance, contact a Fidelity Stock Plan Services Representative. Representatives are available Monday through Friday, from 8 a.m. to 8 p.m. your local time, excluding holidays of the New York Stock Exchange except Good Friday. Calling instructions can be found at Fidelity.com/globalcall.Fees are subject to change.<Long company name> and Fidelity Stock Plan Services are not affiliated. Recordkeeping and administrative services for your company’s Employee Stock Purchase Plan are provided by your company and its service providers. Fidelity Stock Plan Services, LLC © 2017 FMR LLC. All rights reserved.627808.6.0 01/32317
Understanding how your ESPP works
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