What you need to know
Your hard work contributes to PayPal’s bottom line. Our Employee Stock Purchase Plan (ESPP), through E*TRADE from Morgan Stanley, lets you reap the benefits of your efforts.
Key features of the ESPP
The ESPP is open to all employees who work at least 20 hours per week.
By using simple after-tax payroll deductions, you can purchase shares of PayPal stock at a 15% discount. Decide how much you’d like to contribute — anywhere from 2% to 10% of your eligible pay.
Shares are purchased twice a year on 30 April and 31 October for at least 15% less than what the stock is trading for on the date of purchase. You’ll receive more information as the purchase dates approach.
When the purchase period ends, shares are purchased for you and are deposited into your Employee Stock Plan Account. Hold them as a long-term investment, or immediately sell them for cash.