It seems this sub thinks ESPP’s are a no brainer, but I just want to double check myself since some have talked about how important it is to understand how it is setup.
The description reads: “Purchases of shares under the ESPP will be at a 10% discount from the closing price on the date of purchase, the last day of each quarter.
· ESPP shares may be sold immediately following purchase at the end of each quarter and are not subject to a 180-day hold period, subject to compliance with applicable CFG policies.
Your contributions — You may contribute up to 10% of eligible pay on an after-tax basis up to a maximum of $22,500. The maximum fair market value stock purchase in any calendar year is $25,000 ($25,000 less the 10% discount).
How the ESPP works — Your contributions are made via payroll deductions. At the end of each quarter, the accumulated funds are used to purchase CFG stock on your behalf at a 10% discount from the market price on the date of purchase, which is the last day of each quarter.”
Anything to be scared of??
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