Your hard work helps drive Seagate’s long-term success. You have the opportunity to share in that success through our Employee Stock Purchase Plan (ESPP). Through the ESPP, you can purchase Seagate shares at a 15% discount via convenient paycheck deductions.
All regular employees and interns can participate in the ESPP.
You have two opportunities to participate in the ESPP every year—in February and August. You’ll receive more information as these dates approach.
How the ESPP Works
You enroll in the ESPP before each Offering Period through the E*TRADE ESPP Enrollment website. Typically, enrollment is in early January and early July, the months before the start of each six-month Offering Period.
You can contribute from 1% to 10% of your paycheck (after-tax dollars) to purchase up to 1,000 shares each Offering Period. You can withdraw from the ESPP at any time through the E*TRADE ESPP Enrollment website.
At the end of each Offering Period, your accumulated ESPP contributions are used to purchase Seagate ordinary shares at a purchase price that is equal to the lesser of (a) 85% of the closing price of Seagate shares on the Offering Date or (b) 85% of the closing price for Seagate shares on the Purchase Date.
Once the shares are purchased, they’re placed in your E*TRADE account to hold or sell at any time.
Before participating in the ESPP, speak with a tax professional about the tax risks associated with buying and selling Company shares.