Equity Compensation Part 3: Employee Stock Purchase Plans, with Lauryn Williams and Chloé Moore

Worth Listening

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, Lauryn and Chloé share:

• 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:

• Instagram: @worthwinning
• Twitter: @worth_winning
• Facebook: @worthwinningfp
• LinkedIn: @lauryn-williams

If you want to further connect with Chloé Moore:

• Instagram: @financialstaples
• Twitter: @finstaples
• Facebook: @finstaples
• LinkedIn: @chloemoore

RESOURCES MENTIONED:

• Should You Participate in Your Company’s ESPP?
• Worth Listening Episode 122: Equity Compensation Part 1 Understanding RSUs
• Worth Listening Episode 123 Equity Compensation Part 2: ISOs and NQSOs