Gain ownership in the company through the Employee Stock Purchase Plan (ESPP) by buying Sysco stock for purchase at a 15% discount. After you enroll and the offering period begins, a percentage of your pay is deducted from your paychecks and used to purchase an equivalent amount of discounted Sysco stock in quarterly offering periods.
Sysco associates and associates of participating subsidiaries who are regularly expected to work more than twenty hours per week for more than five months per calendar year are eligible to participate.
How the ESPP Works
- Enroll in the plan through Fidelity at NetBenefits.com. Enter the percentage (1% - 10%) of your eligible pay you would like to use to purchase stock (up to $21,250 annually).
- Your contribution will be deducted from each paycheck and used to purchase stock on your behalf after the end of the quarterly Offering Periods:
January 1 – March 31
April 1 – June 30
July 1 – September 30
October 1 – December 31
The purchase price per share will be 85% of the closing price of Sysco stock on the last day of the Offering Period (a 15% discount).
- Your shares will be deposited into your Fidelity individual brokerage account. You may keep them in your account, transfer them to another account, or after the required two-year transfer restriction has passed, sell them. (Note that holding your shares for two years from the beginning of the Offering Period in which the shares were purchased will provide the most favorable tax treatment.)
You can change your contribution percentage or withdraw from the plan at NetBenefits.com. Changes will take effect as soon as administratively feasible after they are received.