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re: Employee Stock Purchase Program
Posted on 4/29/14 at 10:45 am to KG6
Posted on 4/29/14 at 10:45 am to KG6
quote:
That's a pretty good deal. Ours allows us to put in 10%, but there's no match. They just buy at a discount. At the end of every quarter, they take all the money you contribute and buy at the price at the first or last day of the quarter, whichever is lower plus an employee discount. I like the idea of the match with a vesting period. You start out at 100% returns.....I can wait three years for that.
his sounds like a great deal, most ESPP have gone to shite. For us they do the lowest price in the last 30 days of the quarter for the purchase, but you have to hold onto it for at least 30 days. And this can wipe out any gains.
Posted on 4/29/14 at 12:33 pm to Hawkeye95
The only downside is I'm assuming it's a rolling 3 year match so it's not like after 3 years I get 3 years of contributions matched but it is a nice incentive.
Posted on 4/29/14 at 4:04 pm to Hawkeye95
We don't have to hold on to ours for 30 days, but by the time everything is actually processed and you have the ability to sell, it's about 14 days. I've yet to make under a 30% return though. It's a nice little savings account for me with a ~30% return.
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