Quote:
Huge beat: I arrived at my job 1 week too late to get in on the current 6-month period for the employee stock program, where we get to buy stock at a 15% discount and, as best as I can tell, we're locked into a 15% profit at worst because to get the price we pay for the shares, you take the lower of the stock prices at the start and end of the 6 month period.
So of course, in the 5 weeks since I started, company stock is up 9%. God damn it.
What Company do you work for? This is a load of crap. I've worked as several Companies which had Employee Stock Purchase Plans and it is UNIVERSAL that you can buy in at ANY TIME AS A NEW EMPLOYEE!!!
Talk to the head of HR and tell your 'Business Partner' to go [censored] themselves.
*Also - 15% is NOT guaranteed - don't forget about the blackout period.
**Also also - KEEP GOOD TRACK of which offerings you purchase, the purchase price, the fair market value, etc. READ UP ON TAXES AND ACCOUNTING FOR ESPPs - profit made from the 15% discount flows through to your standard earnings so don't [censored] yourself by paying double income tax.
***Also also also - make sure you understand how to account for short vs long term capital gains as they apply to ESPP. Strange stuff.