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The CMC Employee Stock Purchase Plan (ESPP) offers you the opportunity to purchase shares of company stock at a 15% discount. Purchasing company stock lets you save for your future and become an owner of the company at the same time.
You are eligible to participate in the ESPP if you are a full-time or part-time CMC employee who was hired on or before September 1, 2021.
You pay for the shares you purchase through automatic payroll deductions, beginning with your February 10, 2022 paycheck. Your shares will be purchased on February 1, 2023 and delivered to your Schwab account by February 6, 2023. You don’t pay any taxes on your purchased shares until you sell them.
You can manage your ESPP account online and make same-day trades with our vendor, Charles Schwab. There’s no requirement to hold your purchased shares before selling them.
CMC recommends that you talk to a tax advisor before selling shares, since the timing of the sale has tax implications. CMC does not provide tax advice to employees. However, you can get free tax advice from our Employee Assistance Program. Call 1-866-695-6327 to schedule a meeting with a financial planner.
To learn more about the ESPP and enrolling to purchase stock, watch the ESPP Benefits Break Video (scroll down) and
read the ESPP Guide
and
FAQs
.
If you have questions about CMC’s ESPP, contact Employee Services at
[email protected]
or
1-877-262-8050
.
If you have questions about how to enroll, contact Schwab at 1-800-654-2593, Monday – Friday, 24 hours a day.