Originally Posted by
LunkerHunter
No discount, so yeah the only benefit is avoiding the fee to purchase the stock.
We have the lamest stock purchase plan for a Fortune 100 company (or even Fortune 500 company for that matter). Urban legend says it used to be a discounted stock purchase plan but pilots were selling it too soon so they got rid of the plan... which makes absolutely no sense to me because you can construct a discounted stock purchase plan with a minimum vesting period before allowing the shares to be sold, so why don’t we have that? boggles the mind
I believe UPS pilots can purchase at a 5% discount fwiw
We have 5% discount at UPS with a mandatory hold period of 1 year per purchase. Purchase is 4 times a year. We can purchase maximum of $10k per year and it’s payroll deducted.