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Company Stock (employee owned company)?
I have company stock and at the beginning of the year I received a certificate of how much it was worth and so on. When I leave the company , what happens to this stock.
If I can get the money then can I do it while I am still employed?
3 Answers
- Anonymous1 decade agoFavorite Answer
Contact HR.
I am no fan of having any company stock unless it is free or part of a match. I advise selling it as soon as the company allows you to.
- squadfixLv 41 decade ago
Your ability to sell the stock and get the money now, while still employed, depends on teh program thru which you got the stock. Also it may depend on whether that stock is vested or not. It might be partially vested. If you've been with the company for along time, you can probalby liquidate the holding.
In some cases, companies award stock at discounted prices, and if you sell early, you might lose that discount. the company probably has a right of first refusal, meaning they have first crack at the stock when someone wants to sell.
Contact HR/Benefits and ask for details.
When you leave the company, if you still hold teh stock, you will continue to receive quarterly or annual statements summarizing your holding. There might be aprovision requiring you to sell the comnpany your stock though.
- jeff410Lv 71 decade ago
You have to sell it back to the company when you leave. In the mean time you get dividends.
