Equity Compensation Part 3: Employee Stock Purchase Plans, with Lauryn Williams and Chloé Moore
Tuesday, October 26, 2021
Equity Compensation Part 3: Employee Stock Purchase Plans, with Lauryn Williams and Chloé Moore
CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore are continuing the “Know Better, Do Better” series born from the countless conversations they have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They want to help you gain financial confidence and clarity to control your destiny.
In this episode of the series, Lauryn and Chloé continue onto the final episode of a three-part series on equity compensation. Chloe specializes in working with individuals in the tech industry and those who receive equity compensation. There are a few common mistakes she sees people make so she is sharing tips to help you know better so you can do better.
In part three of this series, Lauryn and Chloé talk about Employee Stock Purchase Plans also known as ESPPs. They cover the basics along with answering your burning questions like “How long should I hold onto the stocks?” and “When does it make sense to participate?”
In this episode, we discuss:
- The basics of what an Employee Stock Purchase Plan is and how it works
- The limits and restrictions that come with ESPPs including the annual purchase limit
- How ESPPs are deducted from your paycheck after taxes
- Details about Lookback Provision
- What you need to know about taxes
- The risks involved
- What things you should consider before deciding to participate
- How to know when to sell and when to hold
- Importance of working with the right tax professional and financial planner
If you want to further connect with Lauryn Williams at Worth Winning, follow us on social media:
Instagram: @worthwinning
Facebook: @worthwinningfp
LinkedIn: @lauryn-williams
Hi, I'm Lauryn
Certified Financial Planner
Welcome to the Worth Listening podcast and blog where we focus on having positive and productive conversations about money.
Interested in being a guest on our show? Email us today at podcast@worth-listening.com. We'd love to hear from you!
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