I am interviewing, and I don’t understand. I can buy up to $6,000 of stock and they match 40%. that’s great! whatt is the fine print? for example: is there a vest period? TC: $140
Don't know the details, but generally there's no catch on ESPPs. It's a compensation plan, take advantage of it.
Ask HR to explain
There is no vesting period. The plan is called OwnSAP and you can sell shares as soon as they are purchased. You can have 1-10% of you semi-monthly salary withheld for OwnSAP. The company adds 40% plus 20 Euro/month. Shares are purchased on the 10th of the following month and you can sell whenever you want.
You are awesome! Thank you, that’s exactly what I was looking for 🙏
One caveat, SAP caps the benefit at 6k euros/year. Which means, you can buy 15k in euros stocks and get a 40% match of 6k euros, but that’s it no more espp above that limit. But with your tc, you’ll probably just get close to maxing.
Espp details depend on the company.
No fine print. It’s a great program. You sign up and they draw monthly from your check to buy stocks. Up to 6k per year with match.
There's is no vesting period.
There is a 30 day vesting period.
EccNs2 are you referring to the time between when the funds are withheld from your check until the time the shares are purchased. That’s not technically a vesting period. Once purchased, you can sell immediately.
The time from when it’s taken out of your check and they add in their 40 + 20 euros
Tech Industry
14h
2195
Go woke, go broke: Google fires 28 employees involved in pro-Hamas protest
Tech Industry
Yesterday
1706
Google is out sourcing jobs out of US
2024 Tax
7h
1215
Biden’s new tax proposal is wild
Tech Industry
Yesterday
44743
Goog Employees Arrested
Cars
Yesterday
1677
Why are Americans obsessed with SUV?
Get the job first, champ
Not helpful, bud
BNY has a point.